Analysts continue to expect positive earnings growth for 2023

The reporting season ("earnings season") is as good as over. Most listed companies have published their earnings reports for the fourth quarter of 2022 in recent weeks. It is striking that analysts continue to expect positive earnings growth of +0.9% for the MSCI World for 2023. Explanation of the chart: The chart shows the growth estimates for the respective calendar year over time. For 2023, the first estimates at the beginning of 2021 were, as usual, around +10%. At the beginning of 2022, the estimates for 2023 were around +9%. Since May 2022, the trend has been slowly downwards. The estimates for 2023 will be updated until the end of 2024, when the last companies have published their reports.