Gravitas: World Bank fears a global recession in 2023

Summary by Ground News

The World Bank is warning of a global recession in 2023 with devastating consequences on Emerging Markets and Developing Economies (EMDEs), including Ghana. The impending economic retardation, the World Bank said, would be brought about as Central Banks concurrently raise interest rates in their quest to halt persistent inflation.

Published 4 months ago

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Gravitas: World Bank fears a global recession in 2023

A World Bank assessment says that aggressive interest rate hikes by central banks could prove to be inadequate to bring inflation under control. Priyanka Sharma tells you how this could lead to a recession.

4 months ago·Noida, India

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Business Standard

World Bank warns of global recession in 2023 amid economic slowdown

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said.

4 months ago·India

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প্রথম আলো

World Bank sees rising risk of global recession in 2023

Synchronized interest rate hikes may not be enough to bring inflation back down to pre-pandemic levels, the bank says

4 months ago

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Ghana Business News

World Bank warns of global recession in 2023 - Ghana Business News

The World Bank is warning of a global recession in 2023 with devastating consequences on Emerging Markets and Developing Economies (EMDEs), including Ghana.

4 months ago

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The Munsif Daily

Global economy in its steepest slowdown since 1970: World Bank

Washington: Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has warned, media reports said. Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, World Bank said, BBC reported. Raising rates makes borrowing more…

4 months ago

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Conservative News Daily

World Bank Sees Rising Risk of Global Recession in 2023 | Conservative News Daily™

WASHINGTON—The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday.The world’s

4 months ago

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