Economic Headwinds

Jan. 20, 2023

Against a backdrop containing various forms of geopolitical risk in 2023, one major concern for both consumers and business operators will be the health of the global economy.  Price pressures have eased at the end of 2022 as central banks worldwide have fought high inflation while the global economy continues to grapple with the possibility of recession.  Officials in the US, the world’s largest economy, have increased rates at the fastest pace since the 1980’s to cool the economy and bring down inflation, which is running near a 40-year high.  High inflation, elevated energy prices, and rising borrowing ...