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Global economy to weaken, India's growth seen resilient
The Business Guardian
|September 16, 2023
Most economists anticipate a weakening global economy in the coming year due to political and financial volatility. However, over 90% of economists are confident in moderate or strong growth in South Asia, particularly in India, according to a survey by the World Economic Forum (WEF).
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The outlook for China has dimmed, with signs of deflationary pressures and fragility in the country's real estate market. Geopolitical tensions and tighter financial conditions are expected to undermine progress towards meeting the UN Sustainable Development Goals (SDGs). Developing countries may face the most acute effects of these global headwinds, potentially undermining progress in various areas, including food security, climate action, and biodiversity protection.
Dit verhaal komt uit de September 16, 2023-editie van The Business Guardian.
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