10 predictions for 2023 from The Economist: The remarkable Turkey-Greece detail

The famous British magazine The Economist, “The World Next 2023” He wrote about the challenges facing the world.

10- WAR IN UKRAINE

After Russia launched a military operation against Ukraine in February, war officially broke out between the two countries.

Energy prices, inflation, high interest rates, economic growth and food shortages all depend on how the conflict in Ukraine will unfold in the coming months. Ukraine’s rapid advance may threaten Vladimir Putin, but a deadlock seems the most likely outcome.

9- REESSION WILL SET UP IN COUNTRIES WITH INCREASING INTERESTS

Major economies will fall into recession as central banks raise interest rates to quell inflation fueled by high energy prices. America’s recession will be relatively mild, Europe’s will be more brutal. The pain will be felt globally as the strong dollar hurts poor countries already hit by rising food prices.

8- FAST TRANSITION TO RENEWABLE ENERGY SOURCES

As countries rush to secure their energy supplies, they have begun to turn to dirty fossil fuels. But the war will accelerate the transition to renewable energy sources, which are a safer alternative to hydrocarbons in the medium term. Nuclear and hydrogen would benefit as well as wind and solar.

7- CHINESE ECONOMY CANNOT TAKE OVER THE USA

In April, India’s population will surpass China’s with approximately 1.43 billion. With China’s population in decline and its economy facing headwinds, debate continues over whether China will become the world’s largest economy. Slower growth could mean that the Chinese economy will never surpass America’s.

6- DIVIDED AMERICA STATES

Social and cultural divides continue to widen after a series of contentious Supreme Court rulings on abortion and armament, even as republicans perform worse than expected in the midterm elections in the US. Donald Trump’s official entry into the 2024 presidential race will fuel this fire.

5- TURKEY CAN INTERVENE IN GREECE

As Russia focuses on the war in Ukraine, the risk of conflict elsewhere increases. Clashes erupt in his backyard while Russia is distracted. China may think that there would be no better time to act on Taiwan.

Indo-China tensions may rise in the Himalayas. In addition, according to the estimates of the Economist, there may be an intervention by Turkey after the Turkey-Greece tension in the Aegean in 2023.

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4 – ALLIANCE BALANCES ARE CHANGING

In the midst of geopolitical developments, alliances are also trying to produce answers to problems. Revived by the war in Ukraine, NATO will host two new members. In addition, Saudi Arabia can join the Abraham Agreements.

Other groups of increasing importance will include the Quadrilateral Security Dialogue (Quad-USA, Australia, India, Japan) and AUKUS (Australia, UK, USA) and I2U2 (India, Israel, UAE and USA).

3- TOURISM IS WEAKING

As travelers turn to post-quarantine “revenge” tourism, tourism spending will nearly return to its 2019 level of $1.4 trillion, but only because inflation is pushing prices up.

International tourist arrivals from 1.6 billion will still be below the pre-pandemic level of 1.8 billion in 2019. Business travel will remain weak as companies cut costs.

2- WILL ENTERTAINMENT MOVE TO THE VIRTUAL?

Will the idea of ​​working and having fun in virtual worlds go beyond video games? In 2023, as Apple launches its first products, Meta’s decision whether to change its strategy will provide us with an answer. Meanwhile, the ‘Passkeys’ technology, which will replace passwords, is also expected to rise.

1- NEW CONCEPTS

Have you ever heard of the concept of Passkeys? In 2023, many new words like this will enter our lives. In 2023, we will hear many concepts such as ‘Nimby’, which means anti-construction, and ‘Yimby’, which defines those who support increasing the housing supply. It is likely that we will soon be familiar with concepts such as cryptography and synfuel (synthetic fuel).

SOURCE: SÖZCÜ NEWSPAPER

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