Insight
Global economic outlook Q3 2023: muddling through
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global economic growth is slowing amid high inflation and rising interest rates. Yet despite these drags, the global economy remains resilient, albeit out of sync at sector and regional levels. We forecast the global economy to muddle through a soft landing. Some factors point to the global economy turning the corner. Inflation, although still elevated in many major economies, is relenting and interest rates are close to peaking. A synchronised global recession should be avoided. However, challenges persist. In particular, China is falling below growth expectations after reopening.
Table of contents
-
Executive summary
- Challenges persist
- Sensational services
- Inflation relenting
- China’s reopening regresses
- Headwinds for Asia's exports
- US defiant
- Europe flirts with recession
- Commodity producers come back down to earth
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
- GDP growth in major economies
- Inflation is falling sharply
- Imbalanced recovery in China
- China's urbanisation slows
- External demand depressed by global economic slowdown
- Contribution to US GDP growth
- US job additions slowing
- EU economic growth is fragile
What's included
This report contains:
Other reports you may be interested in
Insight
US reciprocal tariffs pose downside risks to global economic outlook
Economic slowdown in the short term and a restructure of global trade and supply chains eventually.
$1,150
Insight
Global oil supply short-term update - May 2025
Weakening demand outlook and OPEC+ easing of production cuts puts pressure on prices
$1,350
Market Report
Global wind power market outlook update: Q1 2025
Presents an analysis of global and regional wind power installation forecasts through 2034.
$5,990
