The last edition of ExplainSpeaking in 2023 reflects on the key stories of the year. The Indian economy faced challenges at the start of the year, with high inflation being a major concern. However, inflation started to decrease and attention shifted to sustaining GDP growth and reducing unemployment. Globally, there was a somber mood, with many developed countries expected to enter a recession. India faced its own challenges, including stagnant private consumption expenditures and government expenditures, as well as worrisome unemployment rates. The stock markets and consumer sentiment remained negative.
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