Turbulence after lift-off: global economic outlook 2022/23
outlook is positive. However, peak growth is behind us and this cyclical recovery is not a structural one. We forecast global real economic growth of 5.6% in 2021, 4.1% in 2022 and 3.0% in 2023. The recovery will be uneven, with risks tilted to the downside. Supply-side shocks, including global supply chain issues, labour shortages and energy
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