Which economy did best in 2023?
Another unlikely triumph
Almost everyone expected a global recession in 2023, as central bankers raised interest rates to cool inflation. The consensus was wrong. Global GDP has probably grown by 3%. Job markets have held up. Inflation is on the way down. Stockmarkets have risen by 20%.
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This article appeared in the Finance & economics section of the print edition under the headline “Ladder of divine ascent”
From the December 23rd 2023 edition
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