Outlook for 2023

Explore key economic and market forecasts for 2023 from CRU experts

2022 was a turbulent year in commodity markets. The war in Ukraine, the magnitude of distortion to supply chains and trade, the impact of energy prices on industry, the slowdown in demand growth and of course the dramatic rise and fall in commodity prices over the last 12 months or so meant that there were many reasons why it was challenging for the mining, metals, fertilizers and financial sectors.

In this feature, our global team of experts provide insight into how they think the road ahead would best be navigated. Read, watch and listen as our experts discuss the key risks, challenges and emerging silver linings likely to shape global economies and commodity markets in 2023.

Slow demand growth amidst possible global recession; lower commodity prices; high energy prices, and with these all pointing to lower margins for many industries. Regrettably, we don’t foresee a quick end to the war in Ukraine, nor a quick end to the spread of Covid in China.

Chris Houlden Divisional Managing Director, Head of Analysis, CRU Group

What is the Forecast for Global Economic Growth?

As we continue to deal with the impacts of a tough global economy in 2022, both risks and opportunities are to be expected. Discover CRU's?top 10 calls?as we look ahead and forecast key factors that will drive the commodity market in 2023.

Watch this video where CRU's Head of Economics, Alex Tuckett, shares his insights on the global economic outlook for 2023:

Explore key economic and market forecasts for 2023 in a collection of insights prepared by our global team of experts across the economy and commodity markets, LEARN MORE.

CRU Webinar

Africa is in the spotlight, as the global race for critical minerals intensifies. This race will affect decarbonisation trajectories, the global green transition, and the energy crunch. While year on year production of minerals continues to grow, can Africa continue at this breakneck speed.?

In this webinar, we delve into an overview on base metals, critical minerals, and supply chain and present our view on the evolution, opportunities, and challenges of this nascent market.

Prepare for the Mining Indaba 2023! Join CRU experts for an insightful discussion as they present our perspective on the evolution, opportunities, and challenges of the critical minerals market.Participate in the discussion and?get answers to your questions. Register for the webinar.

CRU Seminar

In the fertilizer market, affordability is a major concern, particularly in Latin American countries. Watch?CRU’s?Ricardo Horvath and Jennifer Willis-Jones discuss the most pressing concerns about nitrogen, potash, and phosphate supply.

Learn the latest market updates, trends and global economic outlook in the fertilizer industry, join us on 29 January to 1 February for the Fertilizer Latino Americano 2023. To register and view the full event agenda; CLICK HERE.