2023 Q1 World economic outlook
Salkku economic indicators for Q1/2023 are indicating slowing economic growth all over the world. World Composite PMI has remained below 50 for entirety of 2022Q4. US, Eurozone and China are all showing contraction in activity. Moreover, Salkku aggregate index for developed countries government bond yield spreads inverted briefly in November, which indicates that recession in many of developed economies is highly likely in 2023.
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