
The global economy faces a challenging journey. While a global recession and deep economic contraction aren’t in our base-case forecast, some countries will fall into recession, while others will barely scrape the surface.
EDC Economics expects the global economy to grow by just 2.3% in 2023, its slowest pace since the global financial crisis, with the exception of 2020. Slowing global demand and increased volatility will require Canadian exporters to tune up their risk management systems and stay alert.
The outlook for the United States is softer, but Europe’s economy will experience a severe recession. China’s move away from zero-COVID-19 policies complicates economic policy objectives, but more government support is likely to occur to maintain growth.
Export Development Canada’s winter 2023 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 2023 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.
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EDC’s Canadian Economic Recovery Tracker highlights key trends in Canada’s economic performance.