World Outlook 2023: The Looming Recession
From the original
Peter Hooper, Global Head of Economics Research, Matt Luzzetti, Chief US Economist and Mark Wall, Chief European Economist, discuss the world outlook 2023 as we find ourselves at a defining moment for the global economy. Inflation is running at multi-decade highs, central banks a
Related speeches
4 itemsWorld Outlook 2022-23: Dodging the Tempests
Why a recession by end-2023 should be the base case
World outlook: The waiting game...
Global H2-23 Outlook Podcast – Balancing on the summit
The desk interprets the current economic landscape as a precarious balancing act for the US, with the potential for recession looming amidst tight monetary policy and persistent inflation. Per the full note [source], while the US banking sector may have stabilized, the broader economic challenges remain significant, particularly as growth expectations pivot towards emerging markets like India and the ASEAN region. This shift suggests a recalibration of risk and opportunity in the FX space, particularly for currencies tied to these emerging economies. Our consensus targets reflect a cautious outlook, with a focus on how these dynamics will influence currency movements in the second half of 2023.