The global economic outlook remains highly uncertain. The central bank has raised rates at the fastest pace since the 1980s this year. With many economists expecting borrowing costs to hurt spending with greater force in the coming months, the economy’s pace of growth looks alarming.
Moreover, China is now battling its worst outbreak of COVID-19, and the government’s rising strict and widespread lockdowns are squashing hopes for an economic rebound and fanning concern about disruption to the world’s supply chains.
