Outlooks 2022

#MoodysOutlooks

OUTLOOK

Global Macro Outlook 2022-23: Economy will gain steadier footing although supply troubles, inflation pose risks

Weaker than expected growth and higher than expected inflation have dented some of the optimism surrounding the global economic recovery. Access the report to see why we expect a stable growth phase through 2023 as uncertainties around the pandemic, supply chain imbalances and labor shortages gradually fade.

Moody's expects G-20 economies to grow 4.4% collectively in 2022 and then by 3.2% in 2023, driven by strong household spending, inventory restocking and increased capital spending. The current mismatch between supply and demand as well as persistent labor market shortages should improve over coming quarters, allowing supply-side inflation pressures to moderate

Madhavi Bokil

Senior Vice President, Macro Research Team
Moody's Investors Service

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