SANISHA PACKIRISAMY: Global growth: trick or treat?
The global economy is a haunted house at the moment, but brush away the cobwebs and some prizes are in sight
In the week of Halloween it’s tempting to observe how a number of economic risks — like the festival’s elusive ghouls and spectres — are casting a dark shadow over the global economic landscape.
Rather like stepping into a haunted house, the world’s economy is grappling with some hair-raising challenges. As it is, the globe is only gradually recuperating from the aftershocks of Covid, the war in Ukraine and the surging cost of living. Yet amid the upheaval in energy and food markets, and interest rates ratcheted up to tackle the highest inflation in decades, the global economy may have decelerated but it hasn’t ground to a halt. ..
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