In the last few years, the global economy has been trying to cope with multiple shocks and economic uncertainties. This has been elicited by the Covid-19 pandemic, political instability, climate change-induced shocks and international conflicts.
These effects may not conclude soon, they will be there for some time to come; they have provided strong pointers for the year 2023, which is likely to be the most difficult for the global economy, in terms of economic recovery.