New year starts with recession..!? Pain & Agony..?

As the new year is just a few days away, many people are stepping in with many dreams and expectations, and international organizations are giving a shock. That means facing a recession. Trade and export markets are taking a bigger hit, with people from australia to the united states already cutting back their spending. In its annual World Economic League Table report, the Center for economics and business Research predicts that stock market investors will lose about $14 trillion in investment value in 2022 and stagnate in the same $100 trillion range in 2023 through the recession. The central bank has predicted that it will continue its struggle in 2023 even though it has said that it has not yet recovered from the struggle. With this, it is predicted that the economic growth of the world countries will reach a state of stagnation. Recently, in the forecast published by the IMF, the economy of one-third of the countries in the world will go into the red, and in 2023, there is a 25 percent chance that the international economy will grow less than 2 percent.The Center of economics and business Research organization has predicted almost the same. At the same time, China's production, trade, and coronavirus have all been predicted to make China's dream of overtaking America's economy impossible. Meanwhile, china is predicted to overtake America in 2036, which is 6 years longer than the previous forecast. Similarly, in 2037, east Asia and the Pacific region are projected to show much higher economic growth than the West.In 2035, the indian economy is estimated to be worth 10 trillion dollars, and it is predicted that it will become the 3rd largest economy in the world by 2032. Thus, it is predicted that the united states and europe will rule the international economic market by 2030.
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recession from new year

Sowmiya Sriram

26/12/2022 05:34 PM