Published 1 year ago

World Bank Warns Global Economy Could Easily Tip Into Recession in 2023

Summary by Associated Press News

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned on Tuesday.

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Times of India

World Bank warns global economy could easily tip into recession in 2023

The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank

1 year ago·India

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BBC News

Global recession warning as World Bank cuts economic forecast

The 2023 growth forecast for the global economy is cut to 1.7% as a result of Ukraine war and Covid pandemic.

1 year ago·United Kingdom

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The Guardian

Global economy risks second recession within three years, warns World Bank

Washington-based body cuts 2023 growth forecast amid threats from inflation, interest rates, Covid and warAny fresh setback to a global economy already rapidly weakening as a result of high inflation, interest rates and war could result in a second recession within three years in 2023, the World Bank has warned.In its half-yearly health check, the Washington-based institution said it had cut its 2023 growth forecast from 2.9% to 1.7% after the r…

1 year ago·London, United Kingdom

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CTV News

World Bank warning: Global economy is at risk of recession

The global economy will come 'perilously close' to a recession this year, led by weaker growth in all the world's top economies -- the United States, Europe and China -- the World Bank warned Tuesday.

1 year ago·Canada

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The Independent

Global economy ‘perilously close’ to recession in 2023, World Bank warns

Growth forecast slashed by almost half – and poorest countries could be hardest hit by credit squeeze

1 year ago·London, United Kingdom

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Reuters

World Bank warns global economy could tip into recession in 2023

The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter.

1 year ago·United Kingdom

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