Analysts at the Center for Economic and Business Research (CEBR) believe that next year the world economy is likely to be in a recession due to the methods of struggle of the central banks of countries with rising inflation.
“It is likely that the global economy will face a recession next year as a result of higher interest rates in response to higher inflation,” the report said. report British research centre. “The battle against inflation is not yet won. We expect central banks to stick to the same practices in 2023, despite the economic costs. The cost of lowering inflation to more comfortable levels is a deterioration in economic growth prospects over the next few years.”
Formerly International Monetary Fund predictedthat the chances that the global economy will enter a recession in 2023 are about 25%, and the recession will be observed in about a third of the global economy.
In addition, according to CEBR forecasts, global GDP by 2037 (the company’s analysts traditionally make forecasts for the next 15 years) will double compared to this year due to a jump in emerging economies. At the same time, China, according to the new forecast, will overtake the United States in terms of dollar GDP in the best case in 2036. Previously, CEBR analysts predicted that this would happen in 2030. At the same time, some analysts, as noted in the report, are completely convinced that, despite a fourfold superiority in population, China will never be able to overtake the United States in this indicator. The third largest economy in the world by the end of the period under review will be India, whose GDP in 2035 should reach $10 trillion.