With surging commodity prices, record inflation and the war in Ukraine, Canadian companies are facing new challenges and potential risks. EDC’s Global Economic Outlook offers insight to help you make better business decisions.
Global economic growth was set for a robust growth path, but given the volatile situation in Ukraine, the material impacts have spread across regions, commodities and financial markets. China’s zero-COVID-19 lockdowns have added further supply chain pressures.
EDC Economics has revised down its global growth outlook for 2022 (2.7%), followed by a slight pick up in 2023 (3.3%).
Faster growing emerging markets will continue to lead global growth in the near-term, but certain key developing economies, such as China, will see a downshift in growth prospects. European confidence has declined in part as a result. Oil-importing countries are experiencing further impacts from higher prices.
Export Development Canada’s summer 2022 Global Economic Outlook is a must-read, packed with valuable information as well as insights on the world’s key economies, interest rates, commodity prices and exchange rates.
Key economic indicators will show how geopolitical tensions, as well as supply chain issues, have impacted the global economy and the outlook for 2022 and beyond.
Take a look at key interest and exchange rates for Canada, Europe and the United States.
Find out how commodities, like oil, natural gas, copper and gold, are performing globally.
If a customer doesn’t pay you, EDC will. Whether you use SCI to insure international or Canadian sales, EDC will cover 90% of your insured losses.
EDC’s Canadian Economic Recovery Tracker highlights key trends in Canada’s economic performance.
