Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019.— Reuters
As COVID-19’s negative impacts on public health started to subside, the conflict in Ukraine and China’s strict “zero-COVID” limitations introduced more instability to international supply chains, sending inflation to four-decade highs in many economies, raising food prices, and fueling energy rates.
The world economy is in stormy waters heading into 2023 after a turbulent year.
On the plus side, China’s reopening following three years of stringent pandemic bans gives a confidence boost for the global recovery.
Following are the economic trends to analyse in 2023, according to Al Jazeera.
China’s reopening
China started the process of rolling back its divisive “zero-COVID” policy earlier this month as a result of rare large-scale demonstrations after nearly three years of severe lockdowns, mass…
