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.
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 | 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