Global Economy Faces Heightened Uncertainty Amid Slowing Growth, Rising Rates, and Mounting Crises
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Global economic outlook marked by uncertainty due to strains on major growth engines like Europe, China, and shifting views on US economy.
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Risk of global recession and financial turbulence heightened by recent spike in borrowing costs and expected extended period of high interest rates.
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Key financial markets lack anchors like growth momentum, policy credibility, and stable flows.
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Inadequate response to long-term crises like climate change and inequality adds to uncertainty.
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Need visionary leadership and global cooperation to address shared challenges and turn vicious cycles into virtuous ones.