Although a cloud of uncertainty continues to hover over the metro, San Francisco welcomed a moderate return of tourists and saw steady growth in its tech sector in 2022.
Saarah Ghazi
This report, commissioned by Meta Platforms, Inc., assesses the role of digital platforms in enabling innovation in society, using Meta as a case study. It focuses on the role played by Meta’s digital infrastructure to drive the innovation of software developers and businesses in Europe.
After a mixed 2022, with post-pandemic recovery driving strong growth in the first half of the year, a recession over this winter means that we expect average 2023 GDP growth for European cities to be close to zero.
The Czech National Bank (CNB) kept the policy rate unchanged at 7% for the fourth consecutive meeting today, in line with our and consensus forecast.
While nearly every metro in Canada will experience at least a minor recession between Q4 2022 and Q3 2023, on an annual basis, six mostly smaller metros will escape a GDP contraction in 2023 as a whole: Lethbridge, St. John’s, Saskatoon, Regina, Calgary, and Barrie.
Quantifying the economic impact of climate change becomes crucial, particularly in a rapidly warming planet.
Middle Eastern and North African cities are set to experience some of the fastest rates of employment and population growth of anywhere in the world over the next two decades.
We doubt the surprise move from the Bank of Japan to expand the tolerance range for 10-year JGB yields to +/-0.50%, from +/-0.25%, marks the start of a tightening cycle.
Canada has likely just entered a moderate recession that will last for much of 2023.
The easing in supply chain stress is an encouraging sign for the US inflation outlook, but conditions continue to drag on economic activity.
German industry has been successful in reducing its consumption of gas relative to previous years, particularly in the second half of the year.
Financial conditions in Canada have tightened significantly this year and we estimate this will shave 0.7ppts off GDP growth by the end of 2023.
The Federal Reserve knows that their mission to tame inflation isn’t complete, and odds are rising that the central bank raises the target range for the fed funds rate more than either we or financial market anticipate.
The 2023 outlook for the Gulf Cooperation Council (GCC) region will not compare to this year’s spectacular expansion. That said, GDP in the region will grow at more than twice the pace we forecast for the global economy.
Tightening US financial conditions over the past year will likely trim 0.2ppts from Q4 2022 GDP growth.
We have cut our US industrial outlook to reflect rising interest rates and economic uncertainty.
While few observers expect to see any growth surprise in Japan, some have started to wonder whether global inflation may finally bring an end to Japan’s long-time disinflationary trend, which will enable the Bank of Japan (BoJ) to start adjusting its Yield Curve Control (YCC) policy.
Over 2023, we expect global food, energy, and goods inflation to fall sharply. That said, the degree to which services inflation declines will also determine how quickly headline CPI inflation drops.
In a tough global environment, we are below consensus on advanced economy growth and anticipate most will fall into recession in 2023.
There is no perfect measure of nominal wages – each has its own blemishes. So, we’ve created a wage tracker that uses a statistical approach to identify the common signal being sent from several measures of nominal wages that we monitor closely.
