Ten Things That Didn't Happen in 2023

2023 REVIEW: THE YEAR THAT WASN’T

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Intro:

TS Lombard takes a look back at what happened in 2023 or, to be more precise, what didn’t happen. This is risky stuff, considering it usually shows how fallible economists can be. Nevertheless, they bravely do so.

Contents:

1. There was no US recession.

2. Unemployment didn’t need to rise for inflation to come down.

3. Central banks didn’t cut.

4. We didn’t get a 6.5% BoE terminal rate.

5. The BoJ didn’t raise interest rates.

6. There was no banking crisis

7. There was no US government default.

8. China didn’t have a reopening boom.

9. The global property market didn’t collapse.

10. Geopolitical shocks didn’t shock.

11. 2023 market performance.