global recession

Warning of global recession as World Bank downgrades forecast

11th January 2023 Commercial Credit Management | #global recession

The World Bank has warned that the global economy is perilously close to falling into recession, pointing to higher inflation and interest rates among the factors that could hit growth. The World Bank expects the world economy to grow by 1.7% this year, this down from the 3% it predicted in June. Growth of 1.7%…

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global recession

Warning of global recession as World Bank downgrades forecast

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