World Recession 2023: How Severe?

The outlook for the world economy in 2023 is not as bad as many people think. Coupled with China's economy, which has begun to relax, a world economic recession can even be avoided.

How severe will the 2023 world economic recession be? This question arises because there is great concern for the world economy, which has just recovered from the COVID-19 pandemic.

It is not easy to estimate. However, by looking at the important dynamics in place and the steps taken, especially by the major countries, we can form a picture of the severity of the global recession and envision its recovery.