Three headwinds for the global economyIn the past few months or so, several headwinds have emerged in the world economic arena. This situation may drag on until the end of this year, with an impact on economic growth as well as inflation. With that in mind, we view that the global economic recovery will falter in the last quarter of the year, and slowing momentum will continue into next year. Global economic growth in 2022 is expected to subside to 4.9% from an expected 5.9% this year. CHINA LOOMS LARGEWe see three headwinds going forward: a China slowdown, emerging market turbulence and the fear of global stagflation.
