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Global economy heading for one of the worst years in three decades

The global economy is facing one of its worst years in three decades as energy shocks triggered by the war in Ukraine continue to weigh on markets, assesses Bloomberg Economics.

In a new analysis, economist Scott Johnson predicts the world economy will grow by just 2.4% in 2023. That is down from the 3.2% estimated this year and the lowest since 1993 – excluding the crisis years of . . .

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