The September 2023 Chief Economists Outlook is published amid slowing global momentum and continuing economic uncertainty. Recession concerns appear to have eased, but the outlook remains anaemic as the world grapples with political and financial headwinds. There are some signs of optimism about the easing of inflationary pressures following looser labour market conditions and fading supply-chain pressures. According to a significant majority of chief economists, the weak economic outlook and geopolitical tensions are likely to have a lasting impact on progress towards global development goals in the coming years.

This series of reports draws on the individual and collective perspectives of a group of leading chief economists through consultations with the World Economic Forum’s Chief Economists Community and a regular Chief Economists Survey. This latest edition of the Chief Economists Outlook explores the key trends in the economic environment, including the prospects for growth, inflation and monetary policy. It considers the implications of tighter financial conditions on businesses, households, and financial markets, and takes stock of the global development prospects.