- January 15, 2023
- Posted by: Stratford Team
- Category: Economy
As the global elite descend upon Davos this week, they will have a smattering of optimistic titbits to enliven otherwise awkward conversations about the bleak economic outlook for 2023. For starters, inflation appears to be peaking across the world. In the US it fell to its lowest in more than a year. Across the pond, European natural gas prices have dropped to pre-Ukraine invasion levels. The latest data have made some analysts hopeful that annual global growth will not be as glum as the World Bank’s 1.7 per cent forecast released earlier last week. But uncertainty has not abated — and one wild card question that will loom large over the forum’s deliberations is what China’s surprisingly rapid reopening will mean for the global economy.
After almost three years of self-isolation, China — the world’s second-largest economy — finally reopened its borders on January 8. It has now lifted the bulk of its stringent pandemic…
