The US and world economy, and inflation

Woody Brock  |  Strategic Economic Decisions  |  30 November 2022

Nine months ago, we were told that the world would be in recession today. This did not quite happen. Now we are assured that 2023 will see a global recession, even in the US. And the IMF announced that the world economy would grow at -0.5% in 2023. We agree that the world may have a mild recession, even if we believe the US will not.*** We have only two reservations about the consensus forecasts.

First, it is wonderful news that the world economy will shrink by only -0.5% given the shocks its economies have sustained. In the first half of the 20th century, a typical recession wo...

Not yet a Member? It’s quick and free to join. Already a member? Please log in.

Highlight our upcoming live CE programs, and all of the complimentary on-demand CE-accredited resources published over recent months.

What's new with our live and on-demand continuing education, accreditation and certification programs.

Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.