Global economic and geopolitical outlook: transforming uncertainty into opportunity in 2023

The ongoing war in Ukraine, rapidly tightening financial conditions, and a synchronized slowdown in Europe, Mainland China and the US will likely push global GDP growth down from 6% in 2021 to around 1.7% in 2023 — the weakest performance since 1991 outside of the financial crisis and pandemic. 

While in 2021, most companies were pricing for perfection, it appears that in 2022, many have been discounting for disaster. As we look ahead to 2023, we need to strive to find balance between those two extremes.

Going forward, we’re likely to be in an environment where growth will be less robust; inflation will remain persistent; interest rates are unlikely to go back down to zero; and asset prices for commodities, goods, services and labor display much more volatility than usual.

In this uncertain and geopolitically fragmented environment, businesses may need to continue to seek opportunities to grow. But business executives can do so by building resilience and adaptability. More than ever, it’s important to be proactive and seek a better understanding of the outlook and discover how to turn potential pitfalls into new prospects.

Our panelists will discuss:

• The economic and geostrategic outlook, central bank actions and various likely scenarios for 2023
• Where to find opportunity in an era of uncertainty
• Supply chain and talent resilience amid inflation and a potential slowdown or recession