As the world faces a string of financial challenges, the outlook for the global economy in 2023 is growingly increasingly rife with uncertainties.
Higher interest rates, out-of-control inflation, ongoing supply-chain issues stemming from the COVID-19 pandemic, an energy crisis, Russia’s invasion of Ukraine, and other geopolitical events have been key themes this year, and will likely remain so going into next year.
While some analysts believe there is hope for improvements within the global economy in 2023, most maintain a pessimistic outlook going forward under which global economic growth will drastically slow down.
How Is the World Economy Doing?
The global economy is certainly facing a period of uncertainty right now, with numerous countries, including the United States, the United Kingdom, and Germany, appearing to be headed toward a recession….