This may happen soon..!? People beware..!

Sowmiya Sriram
This may happen soon..!? people beware..!
No one can forget that the world economy has data-faced a very bad impact in this year 2022, well if we look at how it will be in 2023, it is predicted to be even worse. Even before the recession started, the world countries are facing bad trade, rising prices, low production, and shortage of food products in many areas, The reverse side is making people suffer as layoffs. In this situation, if the situation gets worse in 2023, what will be affected..? Why does this affect..? At the start of 2022, even though the economy started to recover from the effects of the coronavirus and set a fast economic growth path, every problem started to explode from February. This has affected the economic growth of the entire world. Not only did the Russian forces enter ukraine at the end of february 2022 and aggressively attacked and captured many areas, but this impact also continues daily.
Following this, the world data-faced a crisis in the real estate sector, and inflation increased due to the impact of the crude oil supply. Because all the public sector banks of the world countries raised interest rates one after the other, the international economic growth has decreased from the 4.7 percent forecast to 3.1 percent.
So will 2023 be worse than this..? It's bound to get worse. Currently, according to Bloomberg Economic Research, the world economic growth will be only 2.4 percent in 2023. But one thing is that if the effects of the current problems worsen, we will have to data-face unexpected effects. What are the important factors affecting the global economy..?
Europe is experiencing severe gas and fuel shortages, the US is in recession earlier than predicted, and china is facing more restrictions as the coronavirus continues to spread. Similarly, the real estate problem in china is not yet resolved. Above all, the Russia-Ukraine war is not only not over, but russia continues to advance.
Meanwhile, in an attack on november 15, a Russian-made missile landed in poland, which data-borders ukraine, killing two people. Following this incident, US President Joe Biden, who was busy at the Indonesian conference, urgently held a meeting with the G7 and NATO leaders. The main reason for this is that poland is a member of NATO.
Now that the Russian-made missile that fell on poland is under investigation, if it turns against russia, there is a chance of a major war, and russia is also in a position where it doesn't want to aggravate the situation.Global problems If all of the above conditions worsen, the global economy will shrink by -0.5 percent in 2023. Bloomberg predicts that the world will lose $5 trillion or $5 trillion. But it is worth noting that this measure does not account for the impact of the Poland-Russia-NATO war.

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