No major world economy will face a recession in 2023, despite central bank tightening, Report informs referring to Goldman Sachs analysts.
Experts studied the situation in nine countries that were among the first to tighten monetary policy. They were mostly emerging economies in Latin America, Central and Eastern Europe, and New Zealand. None of them showed signs of recession, given that their labor markets remain stagnant.
Their resilience supports the forecast that no major economy will enter a monetary policy-driven recession next year, Goldman Sachs analysts said.
