The prospects for global growth are deteriorating. A severe recession in Europe is probable during the next six months due to the impact of the war in Ukraine on energy supplies. China’s economy has slowed dramatically due to the bursting of its property bubble and its strategy of total lockdown when there is any outbreak of COVID-19 infections. Slowing global trade is having an adverse impact on emerging countries.
The prospects for global growth are deteriorating. A severe recession in Europe is probable during the next six months due to the impact of the war in Ukraine on energy supplies. China’s economy has slowed dramatically due to the bursting of its property bubble and its strategy of total lockdown when there is any outbreak of COVID-19 infections. Slowing global trade is having an adverse impact on emerging countries.