I recently received a list of links to excellent economic and investment 2023 outlook reports from top investment banks and asset managers. It’s amazing that these organizations are now sharing these reports, which were previously only accessible to their institutional clients! 

The reports provide a measured outlook for 2023. The global economy is expected to experience slow growth globally, with projections from some banks ranging around 1.8%. The US is predicted to just avoid a recession, whereas the Euro area and the UK will likely experience a mild recession due to the influence of escalating energy costs. Inflation is projected to dwindle to 3% in late 2023 in the US, and the Federal Reserve is expected to raise interest rates by 125 basis points to reach a peak of 5-5.25%.