The World Will Avoid a Recession in 2023
- Seattle, Portland, San Francisco
- 2022/11/29
The world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023. According to OECD’s estimation, the world economy will grow 3.1% this year, ↓ from a robust 5.9% in 2021. Next year, the OECD predicts, the international economy would expand 2.2%. It expects the US, the world’s largest economy, to grow 1.8% this year, ↓ from 5.9% in 2021, 0.5% in 2023 and 1% in 2024.
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