Published 2 years ago

'We're edging into global recession', says WTO chief, echoing World Bank's dire view

Summary by Ground News

WTO Director-General Ngozi Okonjo-Iweala said Russia's war in Ukraine, the climate crisis, food price and energy shocks plus the aftermath of the Covid-19 pandemic were creating the conditions for a world recession. She said the World Bank and the International Monetary Fund had both downgraded global growth forecasts.

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Times of India

WTO chief warns world edging into 'global recession'

"I think a global recession. That's what I think we are edging into. But at the same time, we have to start thinking of the recovery. We have to restore growth," Ngozi Okonjo-Iweala told the opening of the WTO's annual public forum in Geneva.

2 years ago·India

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NDTV

Global Recession Ahead, Warns World Trade Body Chief

The World Trade Organization's chief said Tuesday she believes the world is heading towards a global recession due to multiple colliding crises

2 years ago·New Delhi, India

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Hindustan Times

World Trade organisation chief warns world edging into 'global recession'

Global Recession: Ngozi Okonjo-Iweala said, “I think a global recession. That's what I think we are edging into.”

2 years ago·New Delhi, India

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The Straits Times

WTO chief Ngozi Okonjo-Iweala warns world edging into 'global recession'

We have to start thinking of recovery, said Dr Okonjo-Iweala who stressed the need to determine the cause of inflation. Read more at straitstimes.com.

2 years ago·Singapore

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WION

'We're edging into global recession', says WTO chief, echoing World Bank's dire view

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has given a rather gloomy outlook on the global economy. In her opening statement at WTO's annual public forum in Geneva, Okonjo-Iweala stated that the world may be 'edging' into recession. Her views echoed the similar warning some days ago by World Bank. The global lender on Tuesday also slashed growth prospects for Asia, citing concerns about slowdown in China.

2 years ago·Noida, India

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