In 2022 the world saw a war in Europe that triggered a crippling energy price shock, the largest and most synchronized monetary tightening in more than 30 years, and a sharp economic slowdown that appears to be worsening in China. As Bloomberg’s chief economist - Tom Orlik and his colleagues describe, if each of these shocks were to intensify in 2023 it could take about 3 percentage points off global growth. But while things could get worse — they could also get better. Rachel Kelly speaks to Tom to find out more. 
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In 2022 the world saw a war in Europe that triggered a crippling energy price shock, the largest and most synchronized monetary tightening in more than 30 years, and a sharp economic slowdown that appears to be worsening in China. As Bloomberg’s chief economist - Tom Orlik and his colleagues describe, if each of these shocks were to intensify in 2023 it could take about 3 percentage points off global growth. But while things could get worse — they could also get better. Rachel Kelly speaks to Tom to find out more. …

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