Global economy recovers faster than expected

SGGP 04/11/2023 09:46

A new study by the Financial Times shows that the world's leading economies are showing surprising resilience and the global economy could avoid a severe recession this year.

IMF logo in Washington, DC, USA

According to the latest Brookings-FT (Tiger) Global Economic Recovery Tracker, China, the US, the Eurozone, India and the UK all grew faster than forecast at the end of last year, with consumer and business confidence rising. China is likely to hit its 5% growth target this year, while the US continues to grow despite headwinds.

There are few signs of the recession some analysts fear, despite high inflation and rising geopolitical and financial risks, according to the Financial Times. The research comes ahead of the spring meetings of the IMF and World Bank in Washington this week.

Source: https://www.sggp.org.vn/kinh-te-toan-cau-phuc-hoi-nhanh-hon-du-bao-post685314.html