Some Silver Linings in Dark Clouds
by AIB Treasury Economic Research Unit
- The World Bank, in its latest Global Economic Prospects report released earlier this month, warned that the global economy is perilously close to falling into recession this year.
- Very high inflation combined with expected interest rate hikes of 400-500bps in many major economies have greatly increased the risks of a recession in 2023.
- In this regard, some real economic data have continued to come in ahead of expectations in recent months.
- Supply chains have also started to normalise after three years of COVID related disruptions.
|
|
