With 2023 starting, it is always interesting to look at the predictions. The infographic below from visualcapitalist.com is pretty cool.
How Looks the Economic Outlook?
Inflation: Many of the expert opinions in this year’s database (now at 500+ predictions) are pointing to inflation easing off as the year progresses.
GDP: Most of the predictions see global economic growth in the range of 1.5% to 2%.
Recession: Few analysts now feel that the U.S.—and possibly Europe—could narrowly avoid recession.
Markets: most analysts are declaring that “Bonds are back”.
AI will be everywhere in 2023.
From the hundreds of predictions, it’s clear that experts view AI as a major catalyst this year. AI start-ups are forcing Big Tech to innovate faster, and employees are finding new ways to use AI-powered tools to increase productivity.
Experts predict that AI will impact peoples’ lives in a much more visible and tangible way in 2023 than in past years.
Energy
Energy was the S&P 500’s top performing sector two years in a row, and many experts feel that more growth is on the horizon.
The global system that supplies us with energy is breathtakingly complex, with a lot of unpredictable factors at play. Of all factors, conflict can create the most volatility, and 2023 has a number of geopolitical risks that could impact energy supplies. First, Europe will continue to diversify its energy imports away from Russia. Recently, liquefied natural gas from the U.S. has helped fill gaps.
Here are a few other factors to consider this coming year:
- The U.S. Energy Department will aim to replenish its Strategic Petroleum Reserve
- Easing of U.S. sanctions on Venezuela could lay the ground work for increased oil production
- In post-Zero-COVID China, economic activity will increase, pushing up demand
- In the UK, the energy price guarantee will rise in April, meaning higher energy bills for households
Md Consulting 
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