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Global Economy Headed To A Recession | Economist | Dambisa Moyo | GZERO World

Global economy headed to a recession

Most of the global economy is more likely than not headed toward a recession in 2023. But don't only blame it on inflation and Russia's war in Ukraine.

The economic slowdown this year "is an acceleration of already structural problems around growth, that really started before the pandemic," renowned global economist, Dambisa Moyo tells Ian Bremmer on GZERO World.

Moyo says global inflation is not going anywhere, as the likelihood of a worldwide recession looms large.

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

Welcome to the global economy in 2023

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.

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The Unintended Effect Of The US-China Economic Breakup | GZERO World

The unintended effect of US-China economic breakup

The US and China are moving into creating separate economic worlds for each other. And that won't be easy because the two economies are more closely linked than many people understand.

Unlike with Russia, which the West has almost completely isolated after invading Ukraine, we can't just stop trade with China, renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

What's more, the US-China economic decoupling will have big implications for the developing world, where 90% of the global population lives. Moyo says that the US might lose out to China, which is fast becoming more appealing to developing nations.

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Why China Is Leading Economically: Infrastructure, Energy, & Tech | GZERO World

Why China is leading economically: infrastructure, energy, & tech

Most of the global economy is more likely than not headed toward a recession in 2023. But don't only blame it on inflation and Russia's war in Ukraine.

The economic slowdown face this year "is an acceleration of already structural problems around growth, that really started before the pandemic," renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

Among the G-20 economies, the only country that has been serious about industrial and strategic policies to address those problems is China. That's why, she says, many Western nations were so shocked by the economic fallout of COVID.

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Struggling for Economic Progress as Global Recession Looms in 2023 | GZERO World with Ian Bremmer

Struggling for economic progress as global recession looms in 2023

What's in store for the global economy in 2023? Well, it's not going to be pretty.

A raging war in Europe, sky-high inflation, and an unstable China will create strong economic headwinds in the year to come. But it's not all doom and gloom. Ian Bremmer looks at the state of the global economy in this new year with renowned global economist, Dambisa Moyo, to put it all into perspective on GZERO World.

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Podcast: China's economic head start & a world accelerating into recession

Listen: What's in store for the global economy in 2023? Well, it's not going to be pretty. A raging war in Europe, sky-high inflation, and an unstable China will create strong economic headwinds in the year to come. But it’s not all doom and gloom. Globalization has brought prosperity to billions worldwide. And in the United States, the economy has made it out of the pandemic remarkably well.

On the GZERO World podcast, Ian Bremmer speaks to renowned global economist, Dambisa Moyo, who says global inflation is not going anywhere, as the likelihood of a worldwide recession looms large. The US and China are moving into creating separate economic worlds, but are still closely linked. Although most of the world understands that they need to transition to cleaner energy, in the short term they still rely on “a hundred million barrels of oil every day.” Europe is creating what Moyo calls an “industrial Band-Aid solution,” rather than long term solutions to rely on energy from other countries. They discuss how these combined threats will affect the world economy this year.



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Emerging Markets Most at Risk From Global Recession in 2023, Says Eurasia Group Expert | GZERO Media

Emerging markets most vulnerable to recession and political discontent

Inflation shockwaves is Eurasia Group's top geopolitical risk No. 4 for 2023. But who is most vulnerable to the effects of rising interest rates and a looming global recession?

Emerging markets.

Why? For Rob Kahn, managing director for geo-economics at Eurasia Group, these countries are in deep trouble because they have higher debt and more subject to sudden stops of capital flows that'll make it harder for them to pay for stuff. Not to mention that the pandemic has killed any fiscal monetary policy space they had before COVID, Kahn noted in a GZERO Live conversation about Eurasia Group's Top Risks 2023 report.

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The Risk of A Global Recession Has Gone Up, Says IMF Chief | GZERO World

The risk of a global recession has gone up, says IMF Chief

Kristina Georgieva, Managing Director of the International Monetary Fund, says the risk of a global recession has gone up due to three major reasons: the big global economies are slowing down, inflation is speeding up, and the world’s global order is fragmenting. She shares her perspective on the economic challenges facing the world in a conversation with Ian Bremmer on GZERO World.

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