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World economy heads for one of its worst years in three decades
The energy shocks from the war in Ukraine are said to be leading the world economy into one of its worst years in three decades.
By Andrew Atkinson
The world economy is facing one of its worst years in three decades as the energy shocks unleashed by the war in Ukraine continue to reverberate, according to Bloomberg Economics.
In a new analysis, economist Scott Johnson forecasts growth of just 2.4% in 2023. That's down from an estimated 3.2% this year and the lowest — excluding the crisis years of 2009 and 2020 — since 1993.
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