Could financial turmoil derail the global economy?
After the successive shocks of Covid, the war in Ukraine and its inflationary consequences, the economic situation was beginning to improve.
Energy and food prices seem to have passed their peak, business and consumer confidence is improving and production is picking up.
So much so that the prospect of recessions for Europe and the United States, feared at the start of the year, is dying out.
The OECD on Friday published upwardly revised growth forecasts for 2023: 2.6% in the world (i.e. 0.4 points more than in its November forecast), 0.8% for Europe and 1 .5% for the United States (one point better than expected six months ago).
Alas, the collapse of Silicon Valley Bank (SVB) and other American establishments, the fall of Credit Suisse, tensions on the markets could call into question this timid improvement.
Not least because the increase...
This article is for subscribers only.
You have 70% left to discover.
Want to read more?
Unlock all items immediately.
Without engagement.
TEST FOR €0.99
Already subscribed?
Login
