Gravitas: World Bank fears a global recession in 2023

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.

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.

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

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. 

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…

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