Beating back inflation, but at what cost?

In this short video, Joe Davis, Vanguard’s global chief economist, gives a high-level overview of where the global economy and financial markets are likely headed in 2023. Inflation is abating, thanks in part to aggressive interest rate rises by central banks, but it may come at a cost, with recession likely in most developed markets. However, it may not be all bad news for financial markets.

For more information about our 2023 forecasts, or to download the full report, visit Vanguard Economic and Market Outlook for 2023: Beating Back Inflation

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