What's Ahead in Consulting for 2023?

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Over the last few weeks of 2022 and the start of 2023, I’ve pulled links from trusted sources that gave good overviews of the world and US forecasts for 2023. Some of these have great charts and analogies you might find helpful in your planning and presentations.

High Growth Industries and Niches from 2023 to 2027

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2023 Forecasts

Even a Soft Landing for the Economy May Be Uneven
https://www.nytimes.com/2023/01/06/business/economy/recession-soft-landing.html
New York Times, Talmon Joseph Smith, January 6, 2023

Don’t bet on averages. Although the “average” forecast appears to be a mild recession in the US, the latest numbers look like it will be a K-shaped recession. The top arm of the K is from retrenchment, then a return to normal for large businesses (with deep pockets) and white-collar professionals. The bottom arm of the K is a deep recession with a hard impact on retail, small businesses, and lower-income workers. Which niches and market segments are you serving?

Confronting the Crisis (Multiple global economic crises)
https://www.oecd.org/economic-outlook/november-2022/
OECD Economic Outlook, November 2022

Great comparison of countries worldwide by energy, growth, and inflation. Additional data and charts are downloadable from within this overview.

OECD Economic Outlook Slides
https://read.oecd-ilibrary.org/view/?ref=1166_1166203-xbri956jhg&title=OECD-economic-outlook-presentation-november-2022
OECD Economic Outlook, November 2022

Global country comparisons and forecasts on growth, energy, economy, employment, and many factors.

What’s Next for the (US) Economy? 10 Charts that Show Where Things Stand
https://www.washingtonpost.com/business/2022/12/29/economy-2023-outlook-inflation-prices/
Washington Post, Abha Bhattarai, December 29, 2023

There is no strong agreement on whether we’re going up, down, or mildly sideways.

Get Ready for a “SlowCession” in 2023, Moody’s Says
https://www.cnn.com/2023/01/03/economy/moodys-us-economy-slowcession/index.html
CNN Business, Matt Egan, January 3, 2023

Investment banks give the forecast for 2023 that US economic growth “comes to a near standstill but never slips into reverse.”

Is a white-collar recession looming?

https://www.economist.com/business/2022/12/04/is-a-white-collar-recession-looming
The Economist, December 4, 2022

Don’t despair just yet. All the changes in white-collar jobs appear to be job shifting, not job loss. See the first link above, "Even a Soft Landing for the Economy..." and a K-shaped recession.