In our final edition of the year, we look back at 2022 and forward to 2023…
We discuss the global economic slowdown amid higher food and energy prices, sharply rising interest rates, debt distress in some emerging markets and social and geopolitical tensions. We outline several key risks that could tip the world economy into recession. Against a challenging external backdrop, we discuss the factors shaping prospects for Australian resources, energy, agriculture and services exporters in the coming year.
- 2022—Australian exports benefit from sharply higher commodity prices
- 2023—Global growth to slow further with inflation moderating gradually
- Economic prospects are highly uncertain and likely to disappoint
- Exports outlook—Clean energy transition boosts resources, as services recovery accelerates
