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World Economy Walks Tightrope Between Recession and Soft Landing

The world economy is beginning the new year on a more optimistic note, though that’s no guarantee 2023 will end that way. 
A variety of factors – a sooner-than-expected reopening of China’s economy, a warmer-than-normal winter in energy-strapped Europe and a sustained fall in US inflation – are combining to dissipate some of the gloom that engulfed financial markets at the end of 2022 and fanning hopes the world can dodge a recession.

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