* World economic growth projected to “slow further” in 2023, OECD predicts
* Despite slowing growth, world economy expected to avoid recession
* China’s ability to maintain zero-Covid policy may be fading
* Workers in China protest over pay amid anti-virus controls
* US and allies plan to announce oil price cap for Russian crude
* Eurozone business activity contracts for fifth month in November
* HP will layoff 6,000 workers in latest downsize in tech industry
* NY governor signs law banning certain bitcoin mining
* Richmond Fed Mfg Index continues to signal weak mfg conditions in November
* US 2yr/10yr Treasury yield curve falls to -0.71, taking out previous low in 2000:

US housing sector headed for rocky period in 2023, predicts the Conference Board’s principal economist. “The ongoing housing price correction will have implications for the US economy, but lower home prices should help to quell high inflation,” writes Erik Lundh. “It will indeed come at the expense of economic growth, as homebuilding activity is already slowing rapidly and consumer confidence (and spending) will likely suffer as well. But it’s unlikely we’re heading for a repeat of 2008.”