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Al Jazeera
Al Jazeera
Business
John Power

From China to inflation, 5 economic trends to watch in 2023

China Inflation Economy Interest Rates Joe Biden Recession Al Jazeera
The global economy is entering choppy waters as it heads into 2023 [File: Michael Sohn/AP]

The global economy had a rocky year in 2022.

As the worst of COVID-19’s effects on public health receded, the war in Ukraine and China’s tough “zero COVID” curbs injected new chaos into global supply chains. Food and energy prices soared as inflation in many economies hit four-decade highs.

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