Not a global recession, but a significant growth slowdown for the world economy in 2023

[andhra_jp]

World economic growth is set to slow from 3.1% this year to 2.2% next year before accelerating to 2.7% in 2024, the Organisation for Economic Cooperation and Development said, marginally raising its 2022 forecast.

The OECD said the global slowdown was hitting economies unevenly,
with Europe bearing the brunt as Russia's war in Ukraine both hits business activity and drives an energy price spike.

It predicted a contraction of 0.3% next year in regional heavyweight Germany, whose industry-driven economy is highly dependent on Russian energy exports

Italy was seen eking out 0.2% growth, which means several quarterly contractions are probable.

French economy, which is far less dependent on Russian energy, expected to grow 0.6% next year.

UK economy was seen shrinking 0.4% next year as it contends with rising interest rates, surging prices and weak confidence.

The United States economy was set to hold up better, with growth expected to slow from 1.8% this year to 0.5% in 2023 before rising to 1.0% in 2024.

With energy prices likely to remain high, the OECD said central banks should keep raising interest rates to fight inflation,
with signs that early hikes in Brazil and the United States were paying off.

China growth was seen rising from 3.3% this year to 4.6% in 2023 and 4.1% in 2024, compared with previous forecasts for 2022 of 3.2% and 4.7% for 2023.

https://www.reuters.com/markets/europe/europe-be-hit-hardest-global-slowdown-oecd-2022-11-22/

[anna_gari_maata]

ante economy full speed meeda grow autadi next year

[andhra_jp]

United States, the world's largest economy, to grow just 1.8 per cent this year (down drastically from 5.9 per cent in 2021), 0.5 per cent in 2023 and 1 per cent in 2024.

So clearly growth rate will slow down across world in 2023 and US also we can expect tough situation especially for H1B holders in 2023...

[trent]

India growth 6.1% in 2023.

invest in India future is India 

[Barney_Stinson]

intaki edi nammali evarini nammali, we want block based validation of quants n inferences