If the world avoids a recession, it'll have India and China to thank

People walk on a pedestrian bridge which displays the numbers for the Shanghai Shenzhen stock indexes on October 28, in Shanghai, China.

Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia's biggest economies.

Global GDP is projected to grow by 3.1% this year, and by just 2.2% in 2023, according to the latest forecast from the Organization for Economic Cooperation and Development (OECD).

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