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- Global economic challenges in 2023 include1234:
- High inflation and central bank tightening
- Russia’s invasion of Ukraine
- The continued effects of Covid—especially in China
- Energy supply crisis
- Cost-of-living crisis
- Rising inflation
- Food supply crisis
- Cyberattacks on critical infrastructure
- Scarring from the pandemic
- The ever-worsening impact of climate change
- Structural macroeconomic challenges, such as weak investment and mounting debt vulnerabilities
- The biggest surge in inflation in 40 years
- A very rapid tightening of monetary policy
- Significantly increased risk of recession
- The biggest land war in Europe since the 1940s
- Massive disruption of supply chains
- A serious shortage of labor in many countries
- Commodity-market volatility
- A growing debate about the future of globalization.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In October, the IMF released its annual economic outlook projecting weak growth across the world in 2023. It placed particular emphasis on three issues: high inflation and central bank tightening, Russia’s invasion of Ukraine, and the continued effects of Covid—especially in China.hbr.org/2022/12/what-will-the-global-economy-look …Most respondents to the 2022-2023 Global Risks Perception Survey (GRPS) chose “Energy supply crisis”; “Cost-of-living crisis”; “Rising inflation”; “Food supply crisis” and “Cyberattacks on critical infrastructure” as among the top risks for 2023 with the greatest potential impact on a global scale (Figure 1.1).www.weforum.org/publications/global-risks-report-2…The world economy faces the risk of a prolonged period of subpar growth. Medium-term prospects for global growth are clouded by scarring from the pandemic, the ever-worsening impact of climate change, and structural macroeconomic challenges, such as weak investment and mounting debt vulnerabilities.www.un.org/en/desa/5-things-you-need-know-abou…Over the past year alone, we witnessed the biggest surge in inflation in 40 years, a very rapid tightening of monetary policy, significantly increased risk of recession, the biggest land war in Europe since the 1940s, massive disruption of supply chains, a serious shortage of labor in many countries, commodity-market volatility, and a growing debate about the future of globalization.www2.deloitte.com/us/en/insights/economy/spotlig… - People also ask
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