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Counterpoint Macro Index – January 2023
Overview
The Counterpoint Macro Index improved slightly to nearly 77 points in January from 76.26 points in December 2022. Although global economic growth is still projected to fall in 2023 relative to 2022, major downside risks have moderated in January, reflected particularly in the resilient US and European economies in Q4 2022 and the faster-than-expected recovery in China. However, other risk factors continue to weigh on our macro readings significantly, including the prolonged Russia[1]Ukraine war, rising interest rates to rein in inflation and layoffs at technology companies.
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