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Why The Dreaded Recession Has Been Averted Yet

While economies are expected to enter into a turbulent period before a decline, one takeaway from a webinar on the delicate balance of the global economy in Gaborone this week was that the opening of the Chinese economy post-COVID is likely to pull up emerging markets more than the US and Europe will pull them down

mm by Kabelo Adamson
June 1, 2023
in News
Reading Time: 1 min read
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Why The Dreaded Recession Has Been Averted Yet

GABORONE 30 May 2023, KGK Jewellery Botswana celebrates its first Jewellery shipment to USA under AGOA Agreement in Gaborone on 30 May 2023. The celebration starts with a jewellery factory tour where Siddarth Gothi, Businesses Development manager at KGK Botswana briefs the media on the shipment and jewellery manufacturing process. Journalists interacting with the KGK jewellery experts at the KGK Jewellery outlet Entice at the KGK premises before they got for the factory tour. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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A series of events that unfolded last year, among them the invasion of Ukraine by Russia, led observers to predict a mild recession this year.

However, this is yet to happen and a number of factors have been identified as contributing dynamics in forestalling the recession.

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Tags: Kgori Capital

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