Global economy is heading into a decade of low growth, economist says

Posted on AllSides December 28th, 2022
From The Center
Economy and Jobs, Global Economy, Inflation
Brendan McDermid | Reuters

The global economy likely faces a decade of sluggish growth, according to Daniel Lacalle, author and chief economist at Tressis Gestion.

Economies around the world have been grappling with a multitude of shocks — from Russia’s invasion of Ukraine to China’s persistent zero-Covid measures — that have sent inflation soaring and weakened activity.

The International Monetary Fund now projects that global GDP growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. The Fund characterized this as “the weakest growth profile since 2001 except for the...

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right