What experts see coming in 2023! (Forecast Part 3)
Always keep in mind that experts are important because they often make good forecasts, but they are also in a strong position to help shape the future through their influential thought leadership & actions and they are just as susceptible to hype as the rest of us!
Forecasts 2023:*
1: On the subject of economic vibe, experts believe that ...
☉ inflation will ease in the course of the year. However, few predict that inflation will drop back down to the 2% range that Fed policymakers favor.
☉ global economic growth (in GDP) will be in a range of 1.5% to 2% with high variance between nations. The World Bank recently revised its forecast for 2023 to 1.7%.
☉ recession in the industrialised countries is almost inevitable this year. A few analysts feel that the USA - and possibly Europe - could narrowly avoid recession.
☉ broad equity indices will rise and that “Bonds are back”.
☉ …
2: In addition, in the economy category, experts believe that …
☉ interest rates will peak in 2023.
☉ China`s economy will bounce back after reopening and relations between China and the USA remain tense.
☉ cost reductions & layoffs by Salesforce, Amazon, … Twitter might serve as inspiration for other technology leaders.
☉ …
3: In the technology category, they believe that …
☉ AI will pop up everywhere, with both innovations & rationalisations of personnel.
☉ Google`s stranglehold on search will loosen.
☉ …
4: In the markets category, they believe that …
☉ the outlook is positive for emerging markets and their currencies especially commodities exports.
☉ …
5: In the geopolitics category, they believe that …
☉ European unity will be tested as individual economies face headwinds.
☉ China will maintain its aggressive stance, but no Taiwan invasion.
☉ the Russia-Ukraine war will not end in 2023.
☉ tension will grow between citizens & governments particularly in authoritarian countries.
☉ …
6: In the everything else category, they believe that …
☉ energy will remain expensive.
☉ work culture will continue to blend towards flexibility.
☉ education will face disruption from various angles.
☉ more big retail brands will launch recycling programs.
☉ …
⪼ What impact does the information have on you? … resp. your company, employees, country, region?
⪼ What measures can you take resp. have you already taken? ... resp. your company, country, region?
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*Source: www.visualcapitalist.com/predictions-2023/
