The year 2023 commenced with immense enthusiasm and optimism, but it is highly probable that it will not align with the expectations of most observers and investors. Although it is still too early to draw definitive conclusions halfway through this new year, the initial months of 2023 have served to reinforce certain convictions:

  • In developed countries, it is unlikely that inflation will spontaneously and effortlessly return to its target of 2%.
  • The major central banks are not expected to undergo a significant shift in their policies from now until the year’s end.
  • Merely lifting health restrictions will not empower China to assume the role of a driving force for the global economy.

Learn more here: https://www.coface.com/News-Publications/Publications/Lost-illusions-and-great-expectations-in-Coface-Barometer-for-Q2-2023