2023 Global Economic Predictions | The Week

At long last, 2023 has arrived, and with it the feeling of a clean slate following a year of turmoil, particularly among the economies of the world. Economists, pundits, and average people alike are weighing in on some strong forecasts for what the next 365 days may hold for the global markets. Here are some of the biggest questions and most notable predictions:


Will there be a recession?

The one question that seems to be weighing on everyone’s mind when it comes to the economy: Will there be a global recession in 2023? Many business outlets, including The Economist, Forbes, and Fortune report that it’s not a question of if, but when, particularly due to the looming economic crisis in Europe. Forbes mused that the possibility of avoiding a recession was possible, but “highly unlikely,” adding that any actions to try and stop a recession would likely just worsen inflation. However, others,…

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