G-20 Says World Economy Has Growing Chance of Soft Landing At the recent G-20 meeting in Brazil, finance chiefs have expressed optimism about the global economy’s prospects, highlighting an increasing chance of achieving a soft landing despite recent challenges. According to a draft of the G-20’s closing statement, this positive shift is attributed to a faster-than-expected disinflation, suggesting a more balanced outlook for the global economy. However, the statement, still under negotiation, acknowledges ongoing challenges such as conflicts in various regions, including Ukraine and Gaza, and geoeconomic tensions, without specifying them. This draft communique, dated February 23 and seen by Bloomberg News, captures a cautiously optimistic stance amidst the backdrop of the pandemic, inflation surges, and rising interest rates, reflecting a significant turnaround from the economic struggles of recent years. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. GDP Growth Slows to 1.3% in Q1 Amid Weaker Consumer Spending READ MORE LVMH Shines with Record Revenue in Jewelry Sales READ MORE Unearthing Deception: The $6 Billion Mining Fraud That Shocked the World READ MORE Japan's Corporate Goods Prices Hit Record High as Import Costs Surge READ MORE Rethinking the 60/40 Strategy: BofA Suggests Commodities as the New Fixed Income READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment