The growth outlook is likely to remain challenging into the first half of 2023, says Eric Theoret. He forecasts global economic growth in 2023. He discusses how the sizeable gap between real and nominal data for retail sales is due to inflation. He notes that central banks are preparing for the final stages of tightening. He then goes over what recent data means for the Fed. Finally, he mentions what we learned from October retail sales. Tune in to find out more about the stock market today.