Insight
Global economic outlook Q3 2023: muddling through
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
- Diminishing long-term global growth potential
- Risks to the outlook
Tables and charts
This report includes 8 images and tables including:
- 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
Global economic outlook Q4 2023: rotating and rebalancing growth drivers
Can the global economy maintain growth in 2024 after surprising to the upside this year?
$950
Commodity Market Report
Global lithium market investment horizon outlook Q3 2023
The lithium market continues its fast pace towards a period of supply surplus.
$10,000
Commodity Market Report
Global iron ore investment horizon outlook – Q3 2023
Iron ore mining investments will contract. Product mix shift and the push to reduce carbon emissions will drive investment allocations.
$10,000