Analysts at Bank of America have released a forecast that the global economy will grow by 2.5% in 2023. Public News Service.
This means that the bank has improved its global economic growth forecast by 0.3 points.
Thus, in December, the financial institution claimed that the increase in the indicator would not exceed 2.2%. As is known to journalists, in 2024 the growth of the world economy will stabilize at a level equal to approximately 3%.
“Despite all the talk about the risks of a recession, the global economy does not want to fall. However, the gist is the same: no global recession, but weak growth this year and next year. NSN.
For this reason, it was noted that BofA analysts predicted the onset of recession in the USA for April-June 2023. At the same time, the recession in the US economy is expected to last for three quarters in total.