evidence: Persistent inflation, supply chain constraints, the continuing pandemic and war in Ukraine signal a significant slowdown in global GDP growth this year but not a worldwide recession. The litany of risks to the global economy is now well known: Central bank tightening, ongoing supply chain disruptions, persistent inflation, the lingering effects of a pandemic and a war in Eastern Europe. In normal times, any one of these could drag down global growth—but these aren’t normal times. [...] There are some bright spots. "In Asia, outside of China, we generally see healthy economic activity, and this region looks to outperform to some degree," says Ahya. India will see a slight stepdown from 2021 but is still on pace for 7.4% growth. GDP growth for Korea and Taiwan remains healthy. And while Japan’s 1.9% estimated growth for this year is modest, it is an improvement over last year.