LE FIGARO. – With each new forecast, the panorama darkens. Can developed countries avoid recession?
Alvaro Santos Pereira. – The global economy is experiencing a sharp slowdown, but we do not expect a recession in our base scenario. For two reasons. On the one hand, it is very rare to have negative growth on a global scale, it happened during the financial crisis and because of the epidemic. On the other hand, while the world is suffering the worst energy crisis in decades due to the war in Ukraine, activity has been sustained thanks to policies to support households and businesses. Consumption has also been sustained by savings accumulated by households during the pandemic. That said, growth is very weak in the US (0.5% projected GDP growth in 2023) and Europe (+0.5% also in 2023 in the Eurozone, +0.6% in France) and in some countries, including Germany (-0.3% in 2023), will not avoid technical decline…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.