Global economic resilience: Navigating challenges, charting optimistic course into 2024

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Key Points

New Delhi: Reflecting on the tumultuous financial landscape of the year 2023, there were widespread concerns about the possibility of a severe recession, particularly in the United States, the world's largest economy...

However, against the odds, most major economies, with the exception of a few in Europe, successfully steered clear of a recession in the face of a global economic slowdown...

As the world looks ahead to 2024, a measured sense of optimism permeates discussions about the upcoming year..

In 2023, India emerged as a positive force among major economies, and there are expectations that it will fully unleash its long-awaited potential to become the next global growth engine...

Looking forward, a sense of cautious optimism prevails, fuelled by expectations of lower inflation and the potential for economic growth in key players like the United States, China, Europe, and India...

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