1、Global Economic OutlookMarch 2023home.kpmg/globaleconomicoutlookIntroductionWe may only be part-way through 2023,but the phrase that has overwhelmingly dominated conversations from boardrooms to political chambers and Main Streets has been the cost-of-living crisis.In recent years,the world has face

2、d waves of challenges,from the pandemic to the invasion of Ukraine,to the unfolding bank liquidity challenges amidst skittish depositors.The impact of such a lengthy period of uncertainty is being felt by everyone and thats reflected in KPMGs latest Global Economic Outlook.How we get back to sustain

3、able,longterm growth is the big question facing boardrooms and political chambers around the world right now.Some of the biggest inflationary fears widely predicted late last year have been mitigated by more direct,proactive political action geared especially towards getting rising energy prices dow

4、n.There are also signs that other commodities and food prices are finally starting to ease helping consumers and business owners whove been facing a significant financialsqueeze.The actions taken over the coming months are likely to play a significant role in the pace and nature of the worlds econom

5、ic recovery.KPMGs analysis forecasts that employment levels should remain robust,even given recent tech layoff announcements a sign that the tightness of the labor market faced postpandemic shows no sign of easing.Its an indication of the complexities the world faces today.Strong employment figures

6、are often held up as an example of buoyant market conditions,but they can also reflect the challenges central banks are facing as they attempt to juggle wage expectations,tightened credit conditions and the everpresent danger that any shift in the conflict in Ukraine could bring inflation back into