WEF - Chief Economists Outlook May 2023

The Chief Economists Outlook report provides valuable insights into the current economic environment and identifies priorities for policymakers and business leaders. The report highlights that uncertainty remains a major challenge for businesses and policymakers, with broad-based growth still elusive and prices causing pain. The financial sector is experiencing tremors, with bank collapses denting confidence and interest rates in the spotlight. The changing face of globalization is reshaping global supply chains and leading to a return of industrial policy. The report recommends a number of actions for policymakers and business leaders to address these challenges. These include investing in infrastructure, promoting innovation, and addressing inequality. The report also emphasizes the importance of coordinated action to ensure sustainable and inclusive growth. In addition, the report includes the results of a survey conducted by the World Economic Forum's Centre for the New Economy and Society. The survey received 33 responses and provides valuable insights into the views of community members on a range of economic issues. The report also acknowledges the contributions of colleagues in the Centre for the New Economy and Society, as well as community members who completed the survey and contributed to the report through community discussions. Overall, the Chief Economists Outlook report provides a comprehensive overview of the current economic environment and identifies key priorities for policymakers and business leaders.