The following black swan events, if they occur, may have far-reaching effects on the state of the global economy in 2023. - by m_muslimi economics globalfinance
As we head into 2023, there are lots of uncertainties. One of which is whether the world's largest economy, the US, will sink into a recession, and thereby drag the whole world down with it. While speculation is rife that a recession is not far away, economists point out that the next market cycle may be initiated by Black swan events - events that may be unforeseen but have a significant impact on society.
The following black swan events, if they occur, may have far-reaching effects on the state of the global economy in 2023:The price of Gold may rise to a new high as investors scramble for it as safe haven following uncertainty in their local economies. As the realization sinks in that inflation is here to stay, markets and central banks scramble to adjust. In response, the price of gold skyrockets, reaching an all-time high of $3,000.
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