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Bookmark or Share- An economist explains what COVID-19 has done to the economyCeri Parker. COVID-19 has caused an economic shock three times worse than the 2008 financial crisis. Europe and emerging markets have been hit hard economically, China has escaped a recession. But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit. Subscribe here.
- Chief Economists Say Global Recession Likely In 2023, But Pressures On ...Geneva, Switzerland, 17 January 2023 – A majority of the World Economic Forum’s Community of Chief Economists expect a global recession in 2023, see geopolitical tensions continuing to shape the global economy, and anticipate further monetary tightening in the United States and Europe. These are the key findings of the Chief Economists Outlook, launched today at the World Economic Forum ...
- Recession in 2023? That depends on where you are in the worldSince then, the World Bank has predicted a global recession for 2023, anticipating GDP growth of 1.7%, the slowest pace outside the 2009 and 2020 recessions since 1993. This outlook will provide the backdrop for the Forum's Annual Meeting that is taking place 16-20 January 2023 in Davos, Switzerland.
- What will happen to the global economy in 2024? | World Economic ForumThe global economy is expected to remain uncertain throughout 2024. The World Economic Forum’s latest Chief Economists Outlook finds that just over half of chief economists anticipate the global economy to weaken this year. Seven in 10 expect the pace of geoeconomic fragmentation to accelerate in 2024. Uncertainty continues to be the name of ...
- What is a recession and how to tell if one is happeningThe institution defines the event as “ a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators. "A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough."
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