) said on Thursday, citing continued lockdowns in Europe, China and tighter financing conditions across economies. Barclays forecasts
global growth to slow to 2.2% vs. 2.8% this year compared, and warned that it expects no growth in the fourth quarter of next year in advanced economies. The global growth rate was 6.3% 200 . Global central banks have been rapidly tightening monetary policy to rein in inflation after the Russia-Ukraine conflict that exacerbated supply chain problems The spike comes as the economy is still recovering from the pandemic. Barclays said slowing global growth would bring the world “closer to a global recession,” adding that bad news was out of the way. “It’s a bad economic outlook. But it could be worse. There’s a line between pessimism and doom, which is That’s where we think the global economy is.” Indicators of the strength of the U.S. economy are giving mixed signals amid the Fed’s tightening cycle, the brokerage said, adding that the U.S. would only “narrowly” avoid a full recession next year. Barclays expects Europe to fall into first half decline, and predicts that China’s GDP growth will rebound slightly in the fourth quarter, low With the target of 5.5%, I also cut the country with the brokerage 200 GDP growth basis points to 4.5%. 10