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Welcome to the global economy in 2023

Ian Explains: Welcome to the Global Economy in 2023 | GZERO World

How could the most robust global economy in human history get stuck in a sticky inflation trap?

The good news: From a historical perspective, the best time to be alive is ... right now.

Over 1 billion people have escaped poverty within the last two generations. They have experienced an unprecedented period of fast-expanding and broad-based prosperity.

And in the near future, there's a lot to look forward to: most of the world is moving on from the pandemic, Russia has no way to win in Ukraine, the European Union and NATO are stronger than ever, and the climate economy is benefiting from dirt-cheap clean energy prices, Ian Bremmer explains on GZERO World.

But the bad news is that there are real problems ahead. The main one is inflation, which is not going away anytime soon and will drive a lot of the economic doom and gloom for 2023.

As the global economy lurches into the new year, there is plenty to be thankful for - and plenty to fear.

Watch the GZERO World episode: Struggling for economic progress as global recession looms in 2023

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Caracas, Venezuela ? In the photos, Venezuelan interim president Delcy Rodríguez (center) met with US Secretary of the Interior Doug Burgum (center, left) at Miraflores Palace in Caracas, Venezuela, on March 4, 2026. Rodríguez discussed a bilateral agenda in sectors such as energy and reiterated that her government is "ready" to cooperate with the United States.
Latin American News Agency

Delcy Rodríguez, the long-time Venezuelan regime insider who took over after the United States abducted her boss Nicolás Maduro in January, had been under US sanctions since 2018.