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Key Global Trends for 2023

with Ben May | Online | December 15, 2022

We expect vast swathes of the advanced economies to fall into recession in 2023 and for global growth to be weaker than the consensus expectation. Beyond this, we think that three broad themes which will dominate next year from an economic and financial market perspective: 1. Supply shocks will ease but won't fade completely. 2. Inflation will fall sharply but a fast central bank pivot is less likely. 3. Recessions will be mild but subsequent recoveries disappointing.

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