Global economic normalization is expected by the end of 2024: conference.
The normalization of the global economy situation is likely to occur in the next 18-24 months as per Dr. Osman Cevdet Akcay, a senior economist at the opening ceremony of the Kallanish Flat Steel conference held in Istanbul this week. The global economy is currently heavily impacted by the rise in inflation, however the most recent decision by the US Federal Reserve to tackle inflation, even at the expense of drastically slowing down the pace of economic development (or even triggering the possibility of a recession) is being embraced by policymakers across the world and is anticipated to bring positive…