Economy

But the UN report announcing the overall trade volume for 2022 predicts a slowdown in 2023.

Analysts predict that slowing population growth will present "a number of economic challenges" over the next 50 years, such as paying for rising healthcare costs for aging populations.

Consumer spending and business investment are proving resilient, but the biggest contributor to GDP is the volatile net exports category.

Consumers expect prices to climb 5% over the next year, and at an annual rate of 2.9% over the next 5 to 10 years.

Inflation will subside, but uncertainty remains high.

Core inflation, excluding food and energy, jumped to a 40-year high of 6.6% in September from a year ago.

71% have a positive outlook on demand, but only 57% are confident they can control costs, according to a new Grant Thornton survey.

Some of the longtime drivers of higher inflation — spiking gas prices, supply chain snarls, soaring used-car prices — are fading. Yet underlying measures of inflation are actually worsening.