Instant Insights / 2023 Predictions

Industry thought leaders share their predictions for 2023.

Market Insights

Global recession? That’s what Vanguard predicts for 2023

Economic conditions today - and those anticipated in the coming months - are similar to those that have signaled global recessions in the past, says the world’s second-largest investment manager.

By Alan Goforth | December 15, 2022 at 09:00 AM

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The economy may be in for a bumpy ride in the coming year.

“Generationally high inflation has led to a marked slowing in global economic activity,” according to the Vanguard Economic and Market Outlook for 2023. “Rapid monetary tightening aimed at bringing down inflation will ultimately succeed, but at a cost of a global recession in 2023.”

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