Zurich Economic and Market's Outlook 2023

The Zurich Economic and Market's Outlook 2023 reveals that the global economy is expected to face a recession in the upcoming year, with lower growth and inflation rates, squeezed corporate profits and margins, and a moderated policy rate. While the world economy will face challenges, the recession is expected to be short-lived, and the imbalances might be contained. Despite several uncertainties, the prospects are likely to improve after the difficult first part of the new year. A sustainable recovery is expected after a downturn in credits and equities following the 2022 year-end rally. The economic and market prospects are down but not out.