Although the global economy proved more resilient than expected in the first half of this year, growth prospects remain weak. Global growth next year will therefore be lower than this year, partly due to the increasingly tangible result of monetary policy tightening by central banks and a weaker-than-expected Chinese recovery. Written by vg.hu.
According to the expectations of the Organization for Economic Cooperation and Development, the growth rate of the global economy will slow from 3% expected in 2023 to 2.7%, and the growth of the G20 countries from 3.1% to 2.7%. Within the framework of the G20, the gross domestic product of developed and industrialized countries will grow by 1.5 percent this year and 1.2 percent next year. Growth in the United States slowed from 2.2% to 1.3%. GDP growth in the euro area is expected to reach 0.6 percent this year and 1.1 percent next year.
Growth prospects are affected by many factors, such as inflationary pressures that appear to be continuing, as well as the emergence of potential new disruptions in the energy and food markets. A further slowdown in China’s economic growth would dampen the growth of its trading partners around the world and could erode business confidence.
Full analysis It can be read here.
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