According to Bloomberg Economics economist Scott Johnson, at 2023 significant slowdown in global economic growth is expected this year. According to the analyst, next year, global economic growth will be only 2,4% , while in the outgoing 2022 year it is 3,2%.
In this way, economic growth rates in 2023 year may be the lowest in recent 30 years of observations. In a period after 1993 years, the worst results were in crisis periods 2009 and 2020 years.
Johnson also noted, which according to analysts, US economy towards the end 2023 will enter a recession, and in the EU countries, a recession will come at the beginning of the coming year.
In the context of an economic downturn, the US Federal Reserve, likely to be forced to raise the rate to the level 5%. These measures, likely, will last until the first quarter 2024 of the year.
Currently, the United States is forced to pursue an unprecedentedly aggressive monetary policy., aimed at leveling inflation. Measures in the Eurozone countries, aimed at reducing inflation, will lead to a rate cut and the possibility of cuts is already running out 2023 of the year. Author:Maxim Svetlyshev Photos used:Pixabay
