ING global economic outlook 2023 December 2022 Our 3 calls for central banks Global central banks are facing unprecedented challenges. Here's our focus on the main ones Carsten Brzeski Global Head of Macro and Chief Economist, Eurozone, Germany, Austria carsten.brzeski@ing.de James Knightley Chief International Economist, Americas james.knightley@ing.com Iris Pang Chief Economist, Greater China iris.pang@asia.ing.com James Smith Economist, Developed Markets james.smith@ing.com As central banks continue to grapple with high inflation, interest rate hikes will continue in early 2023 – albeit at a Developed markets: Our calls at a glance Source: ING Central and Eastern Europe/EMEA: Our calls at a glance Source: ING

ING Global Economic Outlook 2023 - Page 14 ING Global Economic Outlook 2023 Page 13 Page 15