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Report GEP

GEP Outlook Report 2023

The story of 2023 will likely be dominated by macrotrends that were already present in 2022.

Inflation is at multidecadal highs across economies. GDP growth is slowing, and the overall growth story is worse than 2022. Energy costs remain distorted due to a combination of war, political tensions, environmental concerns and supply chain challenges. Interest rates are at the highest levels in recent years. Currency values are still out of sync of recent norms. And though most labor markets are in historically low unemployment ranges, the markets are softening.

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