The global economy ended 2022 in very different place to where it started. The year’s early optimism for a steady post-Covid 19 reopening and recovery was quickly tempered by inflationary pressures and supply chain challenges, and heavily exacerbated by Russia’s invasion of Ukraine in February.
However, as we enter 2023, it would be wrong to cast the prospects for all parts of the global economy in the same light. For Henrik Raber, global head of global credit markets at Standard Chartered (SC), which defines its key markets as Africa, the Middle East and Asia, there are certainly bright spots.
