The global economy is headed for recession in 2023. We expect global GDP growth to slow to 1.6% YOY in 2023, but there will be pockets of opportunity, such as ASEAN, energy-exporting markets in the MENA region, parts of Sub-Saharan Africa, as well as India and parts of LATAM. Within these, we recommend companies segment their end-customers carefully, taking into account big divergences in price sensitivity and confidence levels we see across consumer and B2B customer groups.
The global economy will create a complex operating environment for companies in 2023, with input costs remaining high, while rising interest rates drive up the cost of credit for consumers, governments, and businesses. All of this introduces considerable risk to the global environment, from rapid changes in budgets, to dramatic political volatility in response to food and energy price spikes.
Finally, companies are facing a very complex geopolitical environment. An uncertain outlook for the war in Ukraine, disconcerting spillover effects into Europe – on the energy front and beyond, and the big looming questions about security in Asia and US-China relations.
To support you in your 2023 planning, this webinar covers:
- Our baseline assumptions about the main drivers of the global outlook in 2023
- Growth outlooks across all major regions
- Trends in manufacturing, consumption, and government spending priorities
- Outlook for input costs and inflation
- Expected FX and interest rate dynamics
- Implications for multinationals
Preview the Global Outlook Webinar Recording
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