China's economic head start & a world accelerating into recession

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Recorded07 Jan 2023

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What's in store for the global economy in 2023? Well, it's not going to be pretty. A raging war in Europe, sky-high inflation, and an unstable China will create strong economic headwinds in the year to come. But it’s not all doom and gloom. Globalization has brought prosperity to billions worldwide. And in the United States, the economy has made it out of the pandemic remarkably well. On the GZERO World podcast, Ian Bremmer speaks to renowned global economist, Dambisa Moyo, who says global inflation is not going anywhere, as the likelihood of a worldwide recession looms large. The US and China are moving into creating separate economic worlds, but are still closely linked. Although most of the world understands that they need to transition to cleaner energy, in the short term they still rely on “a hundred million barrels of oil every day.” Europe is creating what Moyo calls an “industrial Band-Aid solution,” rather than long term solutions to rely on energy from other countries. They discuss how these combined threats will affect the world economy this year. Host: Ian Bremmer Guest: Dambisa Moyo Subscribe to the GZERO World with Ian Bremmer Podcast on Apple Podcasts, Spotify, or your preferred podcast platform, to receive new episodes as soon as they're published. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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