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2023 Mid-Year Market Outlook

Financial Decoder

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The Slowing Global Economy Is the Root Cause of the Global Recession

Jeffrey Kleintop is Schwab's chief global strategist and one of our managing directors. He frequently appears on CNBC, Bloomberg TV and CNN. The root cause of that seems to be the expectation of a slowing global economy. We can see that in indicators like industrial production and worldwide trade volumes.

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