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.

How does the growth outlook differ for the euro area compared to the global economy?

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What is the expected growth rate for the global economy in 2023?

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What are some of the risks associated with the current global economic situation?

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What factors could potentially trigger a global recession according to the text?

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What challenges do low-income countries face in the current economic environment?

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