Free Trial

MNI Insight: Global Macro Chart Pack - 2023 Is Likely To Be A Bumpy Ride

MARKET INSIGHT
  • 2022 finished on a soft note for global trade/growth indicators. Early indications are that 2023 has started on a better footing, with key PMIs proving resilient, while consensus forecasts are generally nudging higher for key economies/regions but official projections suggest 2023 will be a challenging year.
  • How global growth expectations unfold will be important for the USD, particularly in the EM FX space, notwithstanding Fed outcomes and outlook.
  • Inflation is the other key watch point. 2023 could see more diverges in inflation outcomes, which is already playing out in Asia. This in turn is driving divergences in policy outcomes. How inflation evolves will feed back into broader risk appetite in the equity space and can also influence growth expectations via the tightening/money supply channel.
  • See full chart pack here.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.