The world economy faces a huge stress test in 2023, states Kenneth Rogoff for the Guardian.
Systemic financial crisis in 2022The fact that the world did not experience a systemic financial crisis in 2022 is a minor miracle, given the rise in inflation and interest rates, not to mention a massive increase in geopolitical risk. But with public and private debt having risen to record levels during the now-bygone era of ultra-low interest rates, and recession risks high,...
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