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Sign in Sign up for a FREE subscriptionCBRE Investment Management: Global macro-outlook brightens in early 2023
The global macro-outlook brightened in early 2023. Headline inflation and bond yields fell worldwide, while peak interest rate expectations softened, according to CBRE Investment Management.
The firm no longer forecasts a synchronized global recession.
A recession forecast for the United States is downgraded to a technical recession starting in fourth quarter 2023. In Europe, the forecast will be a modest winter recession followed by a recovery in summer 2023. And China’s faster-than-expected reopening will boost global commodity demand and reignite energy inflation in second half 2023 and may help the United States avoid recession entirely.
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