World Bank optimistic about 2023 after rough 2022
But Investec economist expects inflation and interest rates in 2023 to surprise on the downside
28 December 2022 - 17:24
The World Bank says it is optimistic for 2023, with the global economy not likely to enter a recession despite the turbulence of 2022.
In a podcast this month World Bank chief economist Indermit Gill said even though the past 12 months were “turbulent” for the global economy — underscored by conflict, inflation, food supply crises and the long tail of the Covid-19 pandemic which caused shock waves across the world — the easing of Covid-19 restrictions in China and lower inflation in the US were good news...
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