A weaker world economy looms, but India and the US are still holding up, suggests WEF
India, May 29 -- Nearly nine out of 10 economists surveyed by the World Economic Forum expect global growth to weaken in the coming years.
The report says conflict in the Middle East and the closure of the Strait of Hormuz have disrupted supply chains, raised prices and increased uncertainty.
Despite weaker global sentiment, 58% of respondents said a global recession is not imminent.
Growth expectations remain moderate to high for India and the US, supported in part by investment and consumption.
India stands out with the strongest growth expectations, but faces risks from inflation, rupee pressure, urban unemployment and the Middle East conflict.
Nearly nine out of 10 economists believe global growth is set to weaken in the coming y...
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