One chaotic, disappointing year is ending. Another one is likely in store. 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.
What Will the Global Economy Look Like in 2023?
Expert predictions on inflation, sovereign debt defaults, and other potential concerns.
December 16, 2022
Juan Moyano/Stocksy
Summary.
Three experts explore how the global economy will look in 2023. Though they agree there’s a chance inflation eases, there are major risks and it will take a long while before inflation gets down to central banks’ target levels. And there are other risks lurking too, from sovereign debt defaults to geopolitical rifts.