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The global economy is expected to slow down in the second quarter of 2023, with a marginal improvement in Europe and a decline in Asia. Inflation rates are predicted to decrease but at a slower pace than previously anticipated, leading to higher interest rates and increased credit risk. There is also a rise in business failures in the EU, particularly in the accommodation and food services sector. Political risks, including concerns around the US presidential election and geopolitical tensions with China/Russia/Iran, are also on the rise. To navigate these challenges, it is essential to collaborate with trusted advisors and partners and factor in poor economic performance, rising inflation rates, and high levels of credit risk. Baker & McKenzie offers a range of research and analysis, market bulletins, webinars, lectures, and reports to help businesses stay informed about global economic trends.
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marginal improvement credit risk Asia global economy Europe Inflation rates rates risk Political risks previously anticipated

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