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ARTICLE · 25 OCTOBER 2023

Five Ways IP Can Help In A Recession

Dennemeyer & Associates S.A.
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In April this year, the International Monetary Fund projected global growth of 2.8% for the whole of 2023 and 3% for 2024, down from 3.4% in 2022. The slowdown is forecast to be especially...

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Dennemeyer
Dennemeyer
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In April this year, the International Monetary Fund projected global growth of 2.8% for the whole of 2023 and 3% for 2024, down from 3.4% in 2022. The slowdown is forecast to be especially pronounced in advanced economies, which are expected to grow at just 1.3%. Some economies (such as Germany and the United Kingdom) are projected to shrink in 2023.

Part of the reason for the falloff is the stalling pace of globalization and reduced trade flows resulting from the COVID-19 pandemic and the conflict in Ukraine. Heavy inflation and energy-supply woes threaten to overburden governments struggling to service debts incurred by lockdown measures, in turn squeezing populations already monetarily depressed.

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