Predictions Report

Predictions 2023: Banking

Banks Will Batten Down The Hatches But Prepare For The Upturn

October 31st, 2022
Alyson Clarke, Principal Analyst
Alyson Clarke Principal Analyst
Zhi-Ying Barry, Senior Analyst
Zhi-Ying Barry Senior Analyst
Manuel Geitz, Principal Analyst
Manuel Geitz Principal Analyst
Aurelie L'Hostis, Principal Analyst
Aurelie L'Hostis Principal Analyst
Peter Wannemacher, Principal Analyst
Peter Wannemacher Principal Analyst
Jost Hoppermann, null
Jost Hoppermann
Jacob Morgan, null
Jacob Morgan
With contributors:
Oliwia Berdak , David Hoffman , Sohm Gough , Meng Liu , Pushpa Marwal , Kerstin Wehmeyer , Nicola Shorten , Carine Lam , Demi Starks

Summary

Banks are bracing for tougher economic conditions and a possible global recession in 2023. As with past recessions, they will look to batten down the hatches while the storm passes. But the smart firms will ensure that the investments they do make will put them in a strong position for the subsequent economic upturn. In this report, we delve into Forrester’s predictions for banking in 2023.

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