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PayPal CEO doesn't expect economic environment for e-commerce to improve anytime soon, noting potential recession in 2023; retail activity has been more resilient in US than in Europe, where war in Ukraine could weigh on sector until conflict is over

JPMorgan CEO says Americans are spending all their money because of inflation, which could tip US into recession in 2023; however, main risk to economy may come from issues abroad, including war, fracturing supply chains and rising commodity prices

Commentary: Experts predict oil prices could rise, as markets wait for Russia's reaction to US$60/barrel price cap on its oil exports; Goldman Sachs forecasts 2023 Brent crude prices to average US$110/barrel, and BofA forecasts 2023 average of US$100

Standard Chartered lists potential scenarios that could shock markets in 2023, including Fed cutting interest rates by 200 basis points should US suffer deep recession, oil crashing to US$40/barrel if global recession sets in, and Ukraine war is resolved

Euromonitor: Availability of dog/cat food products in Europe has been significantly impacted by supply chain issues, rising competition for commodity goods due to war in Ukraine; France sees highest increase at 31% in dog/cat food price over March-October

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