Main economies defied predictions of recession in 2023. However inflation and excessive rates of interest stay main issues.
A worldwide recession was broadly predicted in 2023, however main economies held agency, elevating rates of interest to manage inflation.
America’ economic system expanded by 5.2 p.c within the third quarter, the quickest tempo in almost two years.
Meals and gas costs have come down. However inflation and excessive rates of interest stay a serious situation in lots of components of the world.
In the meantime, China is grappling with deflation as costs proceed to fall. How will slowing progress and demand there have an effect on the remainder of the world?
We take a look at what lies forward for the worldwide economic system in 2024.