World economy set for fragile
Photo: Darryl Dyck/AP/TT

World economy set for fragile recovery, Business Sweden says

The global economy is expected to grow by around 2.5 percent this year and rise to 2.7 percent next year, despite ongoing trade conflicts, geopolitical unrest and the war in the Middle East, according to a new report from Business Sweden.

The report, titled "Fragile Recovery," says the global economy has so far shown greater resilience than feared.

Lena Sellgren, chief economist at Business Sweden, says in a press release that companies are adept at adapting supply chains, investments and strategies.

"We see an increasingly complex risk environment where trade and geopolitics, energy prices, inflation, debt and financial markets can influence and reinforce each other. Understanding these connections will be crucial to navigating correctly," says Lena Sellgren.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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