World Outlook

By CBoC Economics Team • Updated November 9, 2022

Slow-Motion Retreat in Inflation

The world economy will continue to grow, but the odds of a global recession have jumped markedly. The downturn in momentum for the global economy will be broad-based, with U.S. real GDP declining from a gain of 5.7 per cent last year to only 1.7 per cent this year.

November 9, 2022 • 8-min read

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Previous Release

A Wing and a Prayer

Before the war in Ukraine began toward the end of February, we expected the global economy to expand this year.

August 11, 2022 • 20-min read

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Author

Christopher Beckman

Principal Economist

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