U.S. Growth Rebounds Despite Shocks; Europe Stalls on War Impacts; China and Global Economy Settle into New Normal

The U.S. has shown remarkable resilience, getting back on track to pre-pandemic growth twice despite shocks. It may even overshoot old trends due to labor market strength.

The eurozone avoided recession but has had momentum broken by the Ukraine war's impact. A full recovery to old trends looks unlikely.

China's early pandemic recovery was enviable but it has since been pushed off track. Consumption-driven growth is challenging to manage.

The blocs seem settled into new growth trajectories now 4 years after COVID-19 began. More disruptions will happen - agility and rapid execution are key.

There's no permanent winner in the global growth competition, just constant judgment calls required amidst unpredictability and volatility.