Vucic expects recession in US, EU and China in 2023

Serbian President Aleksandar Vucic confirmed that the next 2023 will be more difficult than the previous one due to recessions in the US, the European Union and China.

“I expect 2023 at the European and global level to be more challenging than 2022 and much more challenging,” Vučić said at a press conference.

He added: “America is in a state of contraction and is approaching a recession. China’s growth rate is declining, and Europe is approaching recession. We are part of this system… the chain.”

Source: News

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