What is the biggest risk to the global economy in 2023?

Nasser Al-Saeedi to Al-Arabiya: China's economic growth will exceed 5% in 2023

The President of Nasser Al-Saidi & Co., Dr. Nasser Al-Saidi, said that there are 4 factors that affect the growth rates of the global economy during 2023, including geopolitical factors represented in the war between Russia and Ukraine on the one hand, the confrontation and economic war between China and America on the other hand, the repercussions of the Ukraine war on the energy market and the rise in oil prices, which affects emerging and oil-importing countries, in addition to the uncertainty about inflation rates and monetary policies.

Al-Saeedi added, in an interview with "Al-Arabiya", on Sunday, that the year 2023 will witness a discrepancy between growth rates and recession among the countries of the world, and a recession will occur, starting with Britain, followed by Europe during the first quarter of 2023

Al-Saidi explained that America may avoid a deep recession with the possibility of the US Federal Reserve succeeding in raising interest rates and curbing inflation.

Nasser Al-Saidi & Co. predicted that China will raise growth rates to exceed 5% in 2023 with the injection of aid to the technology sector and increased spending on infrastructure, and supported by the retail sector, which has gone through a hiatus due to Covid-19, so consumption rates will rise.

He explained that the global picture will see a wide variation in growth between regions.

Saidi said that the US central bank is likely to continue raising interest rates to more than 5% and that the rate in Europe will reach between 4 to 4.5% in 2023.

He revealed that the economic recession will spread in 2023, and the last quarter of 2023 may witness the beginning of the return of growth, with the recession in Europe continuing for about 9 months.

On the most prominent threat to the global economy in 2023, the President of Nasser Al-Saidi & Partners said that the biggest influential factor in 2023 will be the economic war between America and China and the possibility of reaching a military confrontation, as well as inflation, after the credibility of central banks has become