The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the OECD said on Tuesday, urging central banks to keep hiking interest rates. World economic growth is set to slow from 3.1% this year to 2.2% next year before…Europe to be hit hardest in global slowdown -OECD — CDE News – The Dispatch
Already Germany is expected to be in a very deep recession that is expected to linger throughout all of 2023. Other countries will very likely follow suit, if they haven’t entered a recession already. Details in this CDE News article.