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- Economic predictions for 2023 include123:
- Weak growth across the world1
- High inflation and central bank tightening123
- Russia’s invasion of Ukraine12
- The continued effects of Covid—especially in China1
- COVID-19 to continue its transition to a global endemic2
- Inflation will slow significantly in 2023, but achieving central bank targets will be a multiyear process2
- U.S. economy is performing better than expected—a recession could be avoided3
- Fed’s fastest hiking cycle in decades is coming to an end3
- Inflation gradually improving, but still elevated in many areas3
- Some cooling in labor market conditions could materialize later this year, but remain healthy3
- U.S. consumer tailwinds are fading, but household balance sheets still appear solid3
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In October, the IMF released its annual economic outlook projecting weak growth across the world in 2023. It placed particular emphasis on three issues: high inflation and central bank tightening, Russia’s invasion of Ukraine, and the continued effects of Covid—especially in China.hbr.org/2022/12/what-will-the-global-economy-look …Top 10 economic predictions for 2023
- 1. We expect COVID-19 to continue its transition to a global endemic and the status quo to prevail in Russia's war in Ukraine, with no material implications for the global economy. ...
www.spglobal.com/marketintelligence/en/mi/resear…Midyear 2023 outlook: 10 considerations for the U.S. economy
- 1. U.S. economy is performing better than expected—a recession could be avoided ...
- 2. Fed’s fastest hiking cycle in decades is coming to an end ...
www.jpmorgan.com/insights/outlook/economic-outl… - People also ask
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In 2022, the economy’s output (gross domestic product, or GDP) grew modestly, inflation continued at a high rate, the Federal Reserve sharply increased interest rates, and … See more
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