World economy: results of 2022 and forecasts for 2023

World economy results of 2022 and forecasts for 2023
Posted by:Alex Belov Posted on:Dec 24,2022

According to various analysts, global GDP will grow by 2.9% in 2022. At the beginning of 2022, many experts and analysts believed that we were in for a rapid economic recovery after the coronavirus pandemic, but in fact, 2022 turned out to be more gloomy. The recovery of the world economy was prevented by the energy crisis, the military conflict in Ukraine and, as a result, a new round of inflation around the world. If all negative trends continue in 2023, then we will expect more negative numbers than in 2022.

Global inflation forecasts for 2023:

The growth of the US economy in 2022 was about 1.8-2%. Experts expect that the growth of the US economy in 2023 will slow down and will be about 1% due to further increases in interest rates by the Fed.

The growth of the eurozone economy in 2022 will be about 3%. Such a high figure is due to the fact that the Eurozone economy faced serious covid problems in 2021. In 2023, the Eurozone GDP may even show a negative indicator. The main problem of the Eurozone is the energy crisis along with rising interest rates.

Analysts suggest that by mid-2023, the world’s central banks will begin to curtail the policy of raising interest rates.

Global inflation in 2023 may slow down. However, do not expect miracles. Inflation at 2% in the US looks too optimistic. It is likely that in the US and the Eurozone the inflation rate will return to 5% by the end of 2023. This indicator is the base scenario. True, these are just predictions. Now the unstable geopolitical situation in the world.


Will we see light at the end of the tunnel? If the geopolitical situation remains stable and there are no drastic changes in the world, then positive changes in the stock market can be expected no earlier than mid-2023. At the end of 2022, the global economy still has many problems, including high inflation, a decline in business activity around the world and expensive loans.

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Alex Belov

Developers by Analyst, investor

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