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 Russian Crude Exports Hit Seven-Month Low Amid OPEC+ Compliance READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Texas Fraudster Faces Justice for $10 Million Digital Currency Crypto Scam READ MORE China's Economic Woes Deepen as Deflation Takes Hold READ MORE Powell Signals No Rate Hike Despite Persistent Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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