The Washington PostThe Washington Post

Prospects for the global economy are improving as worst fears fade

By David J. Lynch

31 Jan 2023 · 5 min read

Editor's Note

The outlook for the global economy is better than many anticipated, the Washington Post reports. That's mainly down to the fact that we've managed to avert an extended energy-related crisis.

The outlook for the global economy in recent weeks has unexpectedly brightened, with the United States, Europe and China all outperforming expectations and avoiding - at least for now - some predicted stumbles.

American employers continue to hire at a steady clip while the latest European manufacturing gauges signal expansion and Chinese consumers are spending again.

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