Would You like a feature Interview?
All Interviews are 100% FREE of Charge
If you’re prone to worrying, 2023 offers plenty of fuel for your fears.
Many economists are predicting a recession later this year. Inflation continues to wreak havoc on families around the world, around the worldAnd problems plague shoppers, from product shortages to “shrinkflation.”
Below are their answers.
5. International trade
Investment professionals list it as the biggest economic threat: 27%
Survey respondents are concerned that growth could slow as countries begin to rethink their global trade policies.
For example, financial experts have noted a trend towards more domestic production,friend shoring– the idea of moving supply chains to countries where the risk of disruption related to political turmoil is low.
4. Personal consumption
Investment professionals list it as the biggest economic threat: 32%
Consumer spending drives the U.S. economy and drives growth around the world. But rising prices can cripple consumers’ wallets, with potentially disastrous economic consequences.
If you’re worried about rising prices, check out 10 surefire ways to beat inflation.
3. US-China relations
Investment professionals list it as the biggest economic threat: 48%
If there are two countries that can be called “enthusiastic”, they are the United States and China. The destinies of the two countries are strongly linked to each other.
Nonetheless, tensions are rising between the world’s two largest economies, threatening the entire world economically.
Investment professionals list it as the biggest economic threat: 49%
Russia’s war in Ukraine is entering its second year, with no end in sight.
Europe’s worst military conflict since World War II has unsettled nations around the world and created uncertainties that cloud the outlook for the global economy.
1. Central Bank Policy Mistakes
Investment professionals list it as the biggest economic threat: 52%
Last year, the US central bank, the Federal Reserve, launched a rate hike campaign aimed at keeping inflation in check.
There is some evidence that these policies are working. But rate hikes come with a lot of uncertainty. Some fear it will cause a recession.
Central banks miscalculating and disrupting the economy is the top concern of the financial experts who took part in the survey.