New Delhi, Jan. 8 -- : The overall economic resilience in the Asia Pacific region is expected to prevent a global recession even though mild recessions are forecast in the US and Europe, said S&P Global Market Intelligence.
"Global real GDP growth is projected to slow from near 3 per cent in 2022 to half that pace in 2023," said global financial information and analytics services provider firm in its annual 'Top 10 Economic Predictions'.
Moderate expansions in the Asia Pacific, the Middle East, and Africa will keep the global economy moving forward through 2023, it noted.
Global monetary policy tightening by central banks to subdue inflation will dominate the economic landscape in 2023.
Besides, weakening housing markets in face of risi...