Analysts at Morgan Stanley believe that the British and euro zone economies are likely to face recession. The U.S. is saved by a stable labor market and strong demand in the economy.
Meanwhile, the expected recovery of the Chinese economy on the background of the lifting of COVID restrictions should have a positive effect on other emerging markets in Asia. China will "pull" its neighbors with it.
MS forecasts global economic growth of 2.2% in 2023, which is lower than the previous forecast by half a percent.
