Below is a recent (June 1, 2023) Economic Outlook diagnosis from the folks at Capital Group. A few highlights and a link to the entire article (10 minute read).

  • The last half of 2023 will likely not be as positive as the first half.
  • Global economic growth is on track to decline by roughly 1% for the full year.
  • Inflation is on a downward trajectory in the U.S. and should end the year near the 3% – 4% range.
  • The next shoe to drop could be commercial real estate. office vacancies are on the rise.
  • We are nearing the end of this rate-hiking cycle.

Link to short report, Economic outlook: Mild recession, strong recovery.