World Economy Not Falling Off Cliff After All.
The prospects of a global economy hitting the skids and becoming mired in a deep recession are fading as the economies of major nations are on an uptick. (CNN)
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“The outlook for the global economy in recent weeks has unexpectedly brightened, with the United States, Europe and China all outperforming expectations and avoiding — at least for now — some predicted stumbles.
American employers continue to hire at a steady clip while the latest European manufacturing gauges signal expansion and Chinese consumers are spending again.”
The economy of the World is on an upward trend despite all of the challenges that have been thrown at it since the end of the Pandemic. The supply chain catastrophe threatened to upend whole ways of life but only amounted to shortages of some items in some places rather than an all encompassing dearth of products. The War in Ukraine has been horrible for the nations involved but the misery has yet to spill beyond those limited borders. Economists continue to predict a mild recession in America but that is still far from certain.
