God, what about the slow world economy?

in economicsmoney •  2 years ago 

Recently, the latest World Economic Outlook report released by the International Monetary Fund (IMF) shows that the global economy is expected to grow by 2.9% in 2023 and 3.1% in 2024. The report points out that the global fight against inflation, the Russian-Uzbekistan conflict and the recurrence of the epidemic in China have put pressure on the global economic activities in 2022. The first two factors will continue to affect economic activity in 2023.
Can US inflation return below the target in 2023? How much room is there for the Federal Reserve to raise interest rates? What challenges will the economy of the euro area face?
In response, our reporter interviewed Dr. Wen Bin, chief economist of Minsheng Bank.
He believed that in 2023, the recession risk of major global economies would increase, and the global economy would gradually cool down and enter the "shallow recession" range. Among them, the recession risk of the euro zone and the United Kingdom is relatively high, while the United States will also face a moderate possibility of recession risk. The resilience of its employment market may provide a soft landing hope. It is worth mentioning that the entry of China's economy into the post-epidemic era is conducive to enhancing the vitality of the global economy. It is expected that the economies of East Asia and Southeast Asia, which are more closely related to China's economy, will face less threat of recession.

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