Global economic outlook challenging in ‘shock-prone’ 2023, but China reopening offers hope: forum

Sharon See

Published Wed, Jan 11, 2023 · 10:05 PM

[HONG KONG] The global economic outlook remains challenging in the first half of the year, which is more “shock prone” now, but China’s reopening could provide relief from the second quarter, senior bankers and economists said on the first day of the Asian Financial Forum (AFF) 2023 in Hong Kong on Wednesday (Jan 11).

The United States and the euro zone, in particular, are headed for a recession in the first half of the year, although the US is likely to experience a shallower downturn than Europe, said the participants in a panel discussion on the global economic outlook.

This is becau…