The Global Economy of 2023 Is Going to Be a Wild Ride: Flanders

Not for nothing has this been dubbed the “dangerous decade.” Already, a global pandemic, Russia’s invasion of Ukraine and the return of inflation have shaken the 21st century global economy to its core.

After the shocks of 2022, a recession for large parts of the world in 2023 seems a safe bet. Tougher to gauge, and more frightening, is the long-term impact of money itself being repriced and the assumptions that underlie more than 30 years of global economic history being overturned.

Plentiful cheap labor, low energy and transportation costs and a generally peaceful era for geopolitics ...