2022 is a year with many risks，challenges and market fluctuations. The global economic growth is in a downward trend due to multiple negative impacts. The U.S. economy is in a downward trend，the European economy is in a sharp decline，the Japanese economy has increased volatility，and the economies of most emerging countries are faltering. Slowing growth is the main theme in 2022，and the annual growth is expected to be about 3.2%. Looking forward to 2023，the conflict between Russia and Ukraine is expected to ease，and the undercurrent of international political situation is surging；global inflation has declined，but it is still at a high level；the pace of the contraction of financial conditions will slow down，and the violent interest rate increase of the US dollar may ease；the uncertainty of trade environment has increased. To sum up，the global economy will continue the slowdown trend of 2022 in 2023，showing a mild recession，with an annual growth of 2%. The risk of hard landing in major countries is increased. The United States will slow down to 0.5%. The recession in the euro area is more severe. Japan’s economy is hovering at a low level. The fundamentals of emerging countries may be better than those of the United States and Europe.