Sample Report for Auto-Gen HTML-PDF - GEO 2023
The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

Sample Report for Auto-Gen HTML-PDF - GEO 2023

September 02, 2021 | Report

Global Recession Fears Resurface, Risks Mount

The global economy continues to be buffeted by multiple shocks, and business should prepare for continued volatility in the years ahead. Global recession fears have resurfaced, with likely recessions in the US and Europe and a severe slowdown in China. At the same time, it is important to not lose sight of the longer trend. Beyond 2023, the global economy will likely return to its slowing trend growth rate compared to the prepandemic period. Emerging economies are expected to drive global growth even more than before, while the contributions from mature economies, especially Japan and Europe, are poised to be less significant.

 

Insights for What’s Ahead

  • The 10-year economic outlook signals a prolonged period of disruptions and uncertainties for businesses, but also opportunity. Global growth will return to a slowing trajectory once the 2022-2023 regional recessions end, with mature markets making smaller contributions to global GDP over the next decade. Nonetheless, there are still opportunities for firms to invest in both mature markets—given their wealth and need for innovation to compensate for shrinking labor forces—and emerging markets—given their need for both physical and digital infrastructure to support their sizable and young labor forces.
  • The global economy is weakening rapidly, with the US and Europe forecast to experience recessions in the very near term and China to suffer significantly weaker growth in 2023. A global recession may be avoided, but the world probably will exper
Read more

This publication is exclusive to members of The Conference Board.
For information about membership click here.


✕
hubCircleImage