Focused Thinking
Nomura’s economists and strategists outline what’s on the horizon for the year ahead around the globe.
Annual Outlook
We expect 2023 to bring into focus a nascent recession, with pronounced weakness across a broad range of economic indicators
12 min read | January 2023
Annual Outlook
Our forecasts remain among the most pessimistic for euro area growth. We are forecasting a recession to last six quarters, beginning in Q4 2022, with a total GDP contraction of 2.5%. Though there are signs from recent surveys that the fallout from the energy crisis could be milder – especially if lower gas prices persist.
4 min read | January 2023
Annual Outlook
Recessions in the US and Europe should lead to growth disappointments across Asia early in the new year, but once the dust settles, the region should lead the recovery.
3 min read | December 2022