David Ofosu-Dorte makes ten predictions for 2023

Although the year may still be young, David Ofosu-Dorte, Executive Chairman of AB & David Law Company, has made 10 predictions regarding the global economy for 2023 based on trend analysis and current happenings.

As there is a greater than 96% possibility that these anticipated events will materialize, all people, businesses, employees, and politicians should be aware of them.

Global trends (geopolitics, economics, and technology), in his opinion, will have an impact on the events he predicts, as well as how the government does its business.

The global average growth goal of 2.7 per cent set by the IMF will be surpassed. It will get better, grow, and top three per cent.

1. The value of the US dollar won’t drop or plunge further. Its demand as a reserve currency has reached its apex and is at an all-time high.
2. China will take a bigger part in the new economic and cold “war.”
3. Europe will experience a recession and sluggish growth.
4. A third vote will go to Chinese President Xi Jinping.
5. A new Wall Street will arise in the Middle East, and the Egyptian Pound may become the first convertible currency in Africa.
6. More African infrastructure deals are anticipated. The EU and other contributors will pay for these investments. There will be a rise in tourism in Africa, and Accra, Ghana, will be designated as the new UNESCO book capital. Think about the likelihood of a coup. The Wagner group will be involved if there is another coup in Africa.
7. The top 10 economies in Africa will include Niger, the Democratic Republic of the Congo, Côte d’Ivoire, Benin, Senegal, South Sudan, Rwanda, Togo, Uganda, and the Gambia, with average growth rates of more than 5.5 per cent.
8. Nigerian Elections: A second round is a possibility and might fundamentally change the situation, much like Bola Ahmed Tinubu. Peter Obi is still the wild card. He predicts a second round of voting in the general election in Nigeria.
9. General and wild cards: Using ChatGPT, AI news will be broadly accessible. Bing from Microsoft could compete with Google. Tesla will be in grave danger. China is most likely going to launch ChatGPT’s competition.
10. For those who are unfamiliar with the renowned ChatGPT, it is artificial intelligence that debuted in the world in November 2022 and has since been hailed as a game-changer due to its versatility in performing a variety of tasks, including but not limited to content creation, planning, teaching, and completing homework assignments for students. These are ChatGPT’s core capabilities.