Insight
Global economic outlook Q1 2023: turning point approaching
Report summary
The outlook for the global economy is improving. We don’t anticipate a synchronised global recession this year. But we do expect the economic slowdown to continue for several months before reaching a turning point in the second half of 2023. Opposing forces are at play in the global economy. China is accelerating while the US is slowing and Europe is entering a recession. We forecast global gross domestic product growth to slow to 2.2% in 2023 from 3% last year, before rebounding by 3.2% next year.
Table of contents
- Executive summary
-
Turning point approaching
- (Re)enter the dragon
- India alluring
- Europe on the brink
- US: jobs, jobs and more jobs
- Long-term economic outlook
- Passing the baton
- Risks are relatively balanced
Tables and charts
This report includes 12 images and tables including:
- Global GDP growth
- China savings
- China's highway mobility rebounds in early 2023
- India public investment
- Europe inflation has peaked
- German industry is resilient
- US inflationary periods compared
- US employment gains
- Global GDP level
- Global GDP growth
- India surpasses China as most populous nation
- Population growth rates
What's included
This report contains:
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