World Bank Warns Global Economy Could Easily Tip Into Recession in 2023
213 Articles
213 Articles
World Bank warns global economy could tip into recession this year
The World Bank noted that some inflationary pressures started to abate as 2022 drew to a close, with lower energy and commodity prices, but warned that risks of new supply disruptions were high, and elevated core inflation may persist.
Global Economy ‘Perilously Close’ to Recession, World Bank Warns
The global economy will come “perilously close” to slipping into a recession this year, the World Bank warned in its latest semi-annual report. The international lender slashed its global economic growth forecast by close to half, to 1.7 percent, led by slowing growth in the world’s top economies of the United States, Europe, and China. This estimate is down from its previous prediction of 3 percent six months ago. If the projection is accurate,…
World Bank says global economy could tip into recession
The World Bank has slashed its 2023 growth forecasts 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.
Coverage Details
Bias Distribution
- 45% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage