Recession 2022-23: Strong Possibility or Market Hype?

The global economy has come under intensified pressure over the past few months due to the Russo-Ukrainian war and aggressive monetary tightening to control spiraling inflation. Interest rate hike decisions and weakening business activity have sparked recession fears, with industries and consumers wary of the risk of another imminent recession following the pandemic-induced slump. Market dynamics, however, generate mixed signals; for example, while US consumer spending cools, the job market appears to be strong. In this context, it is important for decision-makers to have informed insights and improved visibility into the global economic outlook to strategize accordingly. Key Takeaways: • What key factors point to a global recession or soft landing? • What is the duration of an expected recession or slowdown period? • Which economies and industries are better insulated from the downturn? • What post-downturn trends should businesses leverage? • How will the oil and gas sector perform considering the evolving economic outlook? • What are some best practices to achieve resiliency from global threats?