The 2023 World’s 20 Richest Countries ranking is released, with Singapore ranking first with a 2023 GDP of US$157,354. Followed by Luxembourg, Qatar, Ireland, and the United Arab Emirates in fifth place. Taiwan lists 12th in this ranking due to its developed consumer electronics industry.
Countries around the world have raised interest rates to combat inflation, and monetary tightening has reached the largest extent in 50 years. The three major economies of the United States, China, and the eurozone have experienced the sharpest slowdown since 1970. The GDP growth rate will be greatly affected, and the global economy will fall into recession.
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