Wilmington Trust 2023 Markets Outlook Forecasts Possible Mild Recession, Continued Inflation
WILMINGTON, Del., Dec. 7, 2022 /PRNewswire/ -- Wilmington Trust today released its 2023 Capital Markets Forecast (CMF) -- "Inflationary Vortex" -- which identified several key headwinds for the global economy heading into the new year, including continued pressures in a tight labor market; the transition to clean energy; and China's socioeconomic evolution.
- Wilmington Trust expects the 2023 recession to be short-lived, given the fact that it is already priced into the markets and the U.S. economy will likely rebound shortly after.
- However, as we enter the first half of 2023, Wilmington Trust expects a slight upward movement in the unemployment rate, including limited nationwide net job losses.
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