Inflation will slow next year, but food and energy prices will remain high

By: Trademagazin Date: 2022. 11. 15. 15:10

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The players of the global corporate sector are increasingly pessimistic about the global economic outlook, and the mood is especially gloomy in Europe – according to the fourth quarter global survey of Oxford Economics, one of the most prestigious financial and economic analysis houses in London.

Little improvement is expected on the food front

The house examined the expectations of 229 large companies. The companies included in the survey together employ six million employees, and their combined annual turnover is approximately two thousand billion dollars.

According to a report by Oxford Economics on Tuesday, almost three-quarters of business enterprises – 54 percent of them somewhat, 19 percent of them significantly – have worsened their expectations of next year’s global economic growth.
This year’s forecasts of the survey participants have improved somewhat – the median value of the companies’ forecasts now predicts global GDP growth of 2.1 percent for 2022 instead of the 1.9 percent shown in the previous survey – but even this is 1.5 percentage points lower than Russia’s against Ukraine in waiting before invasion.
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