Ina Opperman
Just as the world thought its economic problems were over with the lifting of Covid-19 restrictions, a recession looms again.
Recession is on the horizon again for many economies as the global economy is under pressure from geopolitical uncertainty and inflation. Market volatility and investor concerns can result in tighter global financial conditions, while depreciating currencies and rising borrowing costs expose vulnerabilities and increase the risk of contagion. Against this concerning background, KPMG forecasts gross domestic product (GDP) global growth of 1.9% in 2023, down from 2.7% in 2022 for the second half of the year as the world grapples with a multitude of economic and political challenges. Weaker growth could see inflation moderate to 4.7% in 2023 after averaging...
