Also, he discussed the challenges brought on by the economic recession and the strong demand that has emerged as the global economy starts to revive, as well as the World Bank’s prediction for 1.7 percent worldwide growth. He touched on a number of topics related to the global economic outlook, the most notable of which were: economic optimism at the start of 2023, the reopening of the Chinese economy faster than anticipated, and controlling inflation in the United States.
Salih Yilmaz, a Bloomberg Senior analyst who specializes in energy, delivered the seminar. Ultimately, the future of the global economy will depend on the compatibility of government policies with private sector investment decisions, and the evolving nature of international trade and finance. Despite these challenges, there are reasons for optimism with the release of some economic indicators, also measures taken by central banks to support growth and improve financial stability, and technological advancements fueling innovation and productivity gains. Other potential risk factors include the interconnectedness of global supply chains, rising debt levels, and oil and gas prices. She indicated that the global economy is in a precarious position due to ongoing trade tensions slowing economic growth in key markets, and increasing geopolitical risks.
UIC hosted experts from Bloomberg to present their outlook on the global economic situation in the field of energy.įadwa Darwish, Secretary-General of UIC, welcomed the guests, who were executive managers, top economic analysts, asset and fund managers from investment companies and financial institutions. KUWAIT: In a distinguished step that falls within the efforts of the Union of Investment Companies (UIC) helping to improve the financial markets in Kuwait, it organized an economic seminar entitled “Energy outlook amid macroeconomic and geopolitical uncertainties, impact on Gulf producers”, on Monday which tackled the current economic conditions and future expectations of the oil and gas markets and their repercussions on the global economy.
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