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Global economic outlook 2023 - Webinar

PublicationMacro economy
13 December 2022, 9:53 am

Video of ABN AMRO Group Economics webinar on the economic outlook for 2023: recession, declining inflation, and eventually rate cuts

Joost Beaumont

Joost Beaumont

Head of Bank Research

Sandra Phlippen

Sandra Phlippen

Chief Economist

Global Economic Outlook Webinar 2023

Global Economic Outlook Webinar 2023

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Article tags:
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05/09/2025Rogier Quaedvlieg
Non-farm payrolls gained a mere 22k, well below consensus forecasts of 75k. The most hotly anticipated labour market report in at least a year released on time after a BLS statement flagging technical issues ahead of the release. Private payrolls gained 38k, supported by the usual education, health care and leisure sectors, while manufacturing lost 12k jobs, and federal government employment fell by 15k. The three month moving average dropped from 35k to 29k. Along with the weak job gains there was a decline in average weekly hours, another indication of weakening demand.
Joost Beaumont

Joost Beaumont

Head of Bank Research

Sandra Phlippen

Sandra Phlippen

Chief Economist

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