Macro Outlook 2023: This Cycle Is Different

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Macro Outlook 2023: This Cycle Is Different


Global growth slowed through 2022 on a diminishing reopening boost, fiscal and monetary tightening, China’s Covid restrictions and property slump, and the Russia-Ukraine war. Goldman Sachs Research analysts expect global growth of just 1.8% in 2023, as US resilience contrasts with a European recession and a bumpy reopening in China.    

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Macro Outlook 2023: This Cycle Is Different

Macro Outlook 2023: This Cycle Is Different
Goldman Sachs Research

Macro Outlook 2023: This Cycle Is Different

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