Prolonged geopolitical tensions and instability are the top challenges for the global economy this year. This is based on the response of trade and commerce organisations on the recent global economic survey conducted by Eurochambres. The organisations, representing around 70% of world gross domestic product, expect a challenging 2023 marked by geopolitical tensions, high inflation, and the energy crisis. Participants from the US and the UK see rising inflation fueled by soaring food and energy prices among the top challenges, while energy security is of particular concern in the European Union. In the eurozone, the forecasts are largely in line with the International Monetary Fund. However, there are significant differences between countries. The 2023 Eurochambres global economic survey was conducted during November and December 2022.
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