Macroeconomic Comment: The global economy weakens further

05/30/2023 –

The global economy’s growth continues to be depressed by multiple shocks and stressors, such as the pandemic, the Russian invasion, the energy crisis, inflation, drastic tightening of monetary policies, sharp rises in government debt, and geopolitically induced restrictions on world trade. We’ve moved from a world of abundance – where prices remained stable for the most part – to a world of scarcities. Companies able to reduce these shortages will benefit. This holds true for sectors such as water, food, green energy, and raw materials – particularly those required in decarbonization and electrification processes.

Read more in the Macroeconomic Comment by Peter von Elten.

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