CLEAN : Global economy to face 'broad-based' slowdown in 2023, World Bank economist says

The video discusses the global economic outlook for 2023, highlighting weak growth projections, particularly in the euro area. It outlines a baseline scenario with a 1.7% growth rate, which is low but not a technical recession. Various risks, including inflation, high interest rates, geopolitical tensions, and climate change, could exacerbate economic challenges. The video also emphasizes the potential for financial stress and debt crises, especially in low-income countries, if financing conditions tighten.

What is the expected growth performance for the euro area in 2023?

• Zero growth

• High growth

• Positive growth

• Negative growth

What is the projected global economic growth rate for 2023?

• 2.5%

• 3.0%

• 0.5%

• 1.7%

Which of the following is NOT mentioned as a risk to the global economy?

• Food insecurity

• Inflation

• Geopolitical tensions

• Technological advancements

What could trigger a global recession according to the transcript?

• Stable geopolitical conditions

• Persistent inflation with high interest rates

• Decreasing interest rates

• Improved energy security

Which markets are more vulnerable to debt distress?

• Emerging markets

• High-income countries

• Developed markets

• Frontier markets and low-income countries