Q1, 2023
Key Highlights
The US economy is experiencing a period of stagflation, the Eurozone most likely a mild recession (a mild winter would help), and China has to solve its COVID issues implementing new policies and regulatory measures.
Inflation has peaked and should come down in the main advanced economies. Tighter monetary policy and decelerating growth will help to moderate inflation.
Higher wages and housing costs are still the biggest concern revolving inflation.
Geopolitical issues remain a major cause of concern. The conflict in Ukraine, tensions between China and Taiwan, and the presidential transition in Brazil represent the greatest risks.