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

World Bank report warns of global recession

Bringing Taiwan to the World and the World to Taiwan

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.

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

The development lender said it now expected global GDP growth of 1.7 per cent in 2023 — the slowest pace outside the 2009 and 2020 recessions in nearly three decades

World Bank forecasts another global recession

A resurgence of the COVID-19 pandemic and escalating geopolitical tensions could push the global economy into recession. If this happens, it would mark

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.