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Counterpoint Macro Index – April 2023

May 25, 2023 | Author : Archie Zhang, Moumen Badawi, Yang Wang


Counterpoint's Macro Index was 77.87 in April 2023, relatively flat compared to 77.02 in March.

Mixed sentiment was observed across all the segments and countries we covered. In terms of the macroeconomy, inflation declined in many developed countries, raising hopes of a pause in rate hikes. However, China exhibited signs of weakening demand.

Mixed results were also seen in the domestic politics segment. In April, concerns about the banking collapse and the US debt ceiling deepened as partisan tensions rose. High inflation continued to trigger protests in several European countries. On the other hand, the Chinese government seemed to be formulating plans to stimulate sluggish demand in the economy.

International politics saw a slight improvement in April. Chinese President Xi Jinping held the first phone call with Ukrainian President Zelensky, indicating efforts to mediate the conflict. French President Emmanuel Macron’s visit to China was seen as a dovish gesture amid geopolitical tensions.

Table of Contents:

  • Counterpoint Macro Index, April 2023
  • Key Movers
  • April 2023 Summary
  • Risk-Impact Map
  • Scenario Analysis
  • Regional Comparison
  • Constituent Indices
  • Contacts

Number of Pages: 24

Publication Date: May 2023


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