Sharp slowdown in global GDP growth in 2023
IN 2023, WORLD GDP WILL SLOW TO 2.2% YEAR-ON-YEAR, 9 TENTHS OF A PERCENTAGE POINT LESS THAN ESTIMATED FOR 2022, WELL BELOW THE RATE FORECAST BEFORE THE WAR. IN 2024, THE INCREASE WILL BE 2.7%
Slight recovery in 2024 with real income growth and moderating inflationary pressures
Unbalanced growth among regions
Asia, the engine of growth in 2023*. The economies of Europe and the Americas slowing down
Tightening of financial market conditions
CAUSED BY THE ACCELERATED PACE OF MONETARY POLICY NORMALIZATION IN THE MAJOR ECONOMIES TO CONTROL ELEVATED INFLATIONARY PRESSURES AND INCREASED RISK AVERSION
Increased financial market volatility
The US dollar has appreciated against most advanced economy currencies since May
Rapid increase in long-term real interest rates in the US, UK and Eurozone
Rising corporate bond yields