📊U.K., EU Economies Expected to Contract Next Year: Cable FX Macro
- Rosbel Durán
- Dec 13, 2022
- 1 min read
**As seen in Macro Walk report 12/09/22, subscribe at cablefxm.co.uk/reports
As we head into next year, economic output will be as important as inflation after central banks have tightened policy and reach their terminal rates
A composite of GDP forecasts sees major economies expanding by only 0.3% in 2023 vs 2.5% in 2022. Economists project growth to slowdown and the U.S. is not expected to deliver a period of outperformance vs peers
Major economies exposed to China are seen taking the lead, Australia GDP is expected to rise 3.9% this year, followed by 1.9% in 2023
U.K. and the eurozone are among the weak performers, the former is expected to contract the most, U.K. 2023 GDP is seen falling by 0.9%
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