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Episode 9: What's next in 2023?

Transcript

Listen: "We are coming out of a period of uncertainty," says David Bailin, Chief Investment Officer at Citi Global Wealth. "We've all been thinking it would go much faster than it has, but in the event we get to a more normal economy in 2024, given how vastly impactful COVID was, I think that that's a pretty fast outcome."

In the latest episode of Living Beyond Borders, a podcast produced in partnership between GZERO and Citi Global Wealth Investments, Bailin is joined by Eurasia Group President Ian Bremmer to discuss what's happened so far on the economic and political stage, and what we might look forward to in the back half of the year and into 2024.

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Welcome to the global economy in 2023
Ian Explains: Welcome to the Global Economy in 2023 | GZERO World

Welcome to the global economy in 2023

How could the most robust global economy in human history get stuck in a sticky inflation trap?

The good news: From a historical perspective, the best time to be alive is ... right now.

Over 1 billion people have escaped poverty within the last two generations. They have experienced an unprecedented period of fast-expanding and broad-based prosperity.

And in the near future, there's a lot to look forward to: most of the world is moving on from the pandemic, Russia has no way to win in Ukraine, the European Union and NATO are stronger than ever, and the climate economy is benefiting from dirt-cheap clean energy prices, Ian Bremmer explains on GZERO World.

But the bad news is that there are real problems ahead. The main one is inflation, which is not going away anytime soon and will drive a lot of the economic doom and gloom for 2023.

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Struggling for economic progress as global recession looms in 2023
Struggling for Economic Progress as Global Recession Looms in 2023 | GZERO World with Ian Bremmer

Struggling for economic progress as global recession looms in 2023

What's in store for the global economy in 2023? Well, it's not going to be pretty.

A raging war in Europe, sky-high inflation, and an unstable China will create strong economic headwinds in the year to come. But it's not all doom and gloom. Ian Bremmer looks at the state of the global economy in this new year with renowned global economist, Dambisa Moyo, to put it all into perspective on GZERO World.

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