Next year may be even more difficult – experts

This year has been a difficult one for the global economy, marked by the outbreak of military conflict, higher borrowing costs due to higher interest rates by central banks, soaring prices, slower growth and demand in China amid coronavirus outbreaks. But next year could be even tougher, experts warn. Active Fed rate hikes could trigger a recession in the U.S., in Europe, the world's leading institutions have already predicted its onset, and the Chinese economy may face serious problems due to the decline in the real estate sector and strict restrictive measures to combat the pandemic.

Portal brings the main risks threatening the global economy in 2023. These are the development of recession against the background of higher interest rates by central banks, a sharp slowdown of the Chinese economy, the aggravation of the energy crisis in Europe, the emergence of new trade wars on the background of the conflict between the U.S. and China. In addition, natural disasters are becoming more frequent in the world, and there is a risk of a new strain of coronavirus.