The New York Stock Exchange on December 2. Investors are already anticipating Fed interest rate cuts next year. Photo: AFP
The New York Stock Exchange on December 2. Investors are already anticipating Fed interest rate cuts next year. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

We may not be headed for global recession gloom after all

  • The world is battening down for a long recession in 2023, but the winds may be changing direction
  • Energy prices and inflation levels appear to have peaked, interest rates are expected to do the same next year and there is even hope that 2023 will bring more easing of China’s zero-Covid policy

The New York Stock Exchange on December 2. Investors are already anticipating Fed interest rate cuts next year. Photo: AFP
The New York Stock Exchange on December 2. Investors are already anticipating Fed interest rate cuts next year. Photo: AFP
READ FULL ARTICLE