×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Insight

Global economic outlook Q3 2022: on the precipice

Get this report

$950

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

19 August 2022

Global economic outlook Q3 2022: on the precipice

Report summary

The global economy is on the precipice and the path to avoiding a global recession is narrow. Although challenges and risks are intensifying, we still expect growth ahead, a so-called ‘soft landing’. Wood Mackenzie forecasts global gross domestic product (GDP) growth will slow to 2.8% in 2022, down from 5.9% in 2021. China and Asia will drive an acceleration in global growth to 3.0% in 2023, offsetting further slowing in the US and Europe.

Table of contents

  • Executive summary
    • Soft landing
    • Labour markets: late cycle but assisting growth
    • China’s rebound built on infrastructure
    • Inflation asymmetry
    • Painful prices
    • Who are the winners?
    • Policy conundrum
    • Economies in crisis
    • Risks

Tables and charts

This report includes 7 images and tables including:

  • Global economic outlook
  • Unemployment rates falling
  • Strong job additions
  • Rising inflation
  • US official interest rate
  • US consumption rotating back to services
  • Risk table for selected economies

What's included

This report contains:

  • Document

    Global economic outlook Q3 2022: on the precipice

    PDF 924.18 KB