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10 Risks That Could Crash the Global Economy in 2023

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It’s only November, but the start of the holiday season is just weeks away, and the rest of the year will rush right by. As we count down the seconds on New Year’s Eve and bid good riddance to 2022, will we have reason to be more optimistic about 2023?

The Economist Intelligence Unit’s (EIU) annual quantitative and qualitative assessment of economic, political and regulatory risks indicates that the global repercussions of Russia’s invasion of Ukraine shifted global concerns away from coronavirus-related health issues toward rising political, security and macroeconomic risks.

EIU analysts noted: “We expect that ripple effects from the war in Ukraine, global monetary tightening and an economic slowdown in China will weigh on the economy in 2023, with global growth slowing to only 1.6%.”

See the gallery for 10 risks EIU analysts say could lead to even slower growth or potentially precipitate a worldwide recession.

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