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 Q1 2024: maintaining momentum
After a soft start to 2024, we forecast the global economy to grow at a decent clip again this year.
$950
Asset Report
Anasuria Cluster
The Anasuria Cluster development comprises five oil and gas fields spread across three licence blocks in the Central North Sea. ...
$3,100
Insight
China economic focus April 2024: what does a strong Q1 mean?
The green economy has become China’s biggest growth driver
$950
