2023 Global Economic Forecast Looks Gloomy

U.N. economists forecast a gloomy and uncertain outlook this year, with the global economy projected to grow at a very sluggish rate.

The 2023 World Economic Situation and Prospects report, issued recently, says a series of severe shocks have reduced global economic output to its lowest level in years, leaving many economies at risk of falling into recession.

In good news, the authors say inflation appears to have peaked in some of the more advanced economies, and East and South Asia emerged as the report’s bright spots for growth.

Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! click

Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to,  Call us at 646-874-7976 SUBSCRIBECLICK