How is the world economy now?

 
The world economy is facing a lot of challenges and uncertainties in 2023. According to the World Bank, the global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024. The sharp downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies. The main factors behind this slowdown include the ongoing effects of the COVID-19 pandemic, high inflation, financial sector turmoil, and rising geopolitical tensions.
 
However, not all regions are equally affected by these challenges. According to the World Economic Forum, Asia is expected to experience the most buoyant economic activity, with 93% of economists surveyed for the report predicting at least moderate growth in the region. On the other hand, Europe and Latin America are expected to see the weakest growth, with only 17% and 10% of economists respectively forecasting moderate or strong growth in these regions.



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Analysis of World Economic Forms