There was a global recession expected but it turned out to be different from what people thought. The GDP has grown, job markets have held up and inflation is on its way down. However, the performance varies among countries with Greece being one of the top performers for the second year in a row. Japan and South Korea were able to keep prices under control while Switzerland had low core inflation. Hungary and Finland are facing serious pressure due to their energy dependence from Russia. Inflation is becoming less entrenched but there is still variation among countries.
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