World Bank Warns of a Global Recession in 2023 The fears o | CryptoAddicted

World Bank Warns of a Global Recession in 2023

The fears of a recessionary state have lingered throughout 2022, which then sported near-constant increases in rate hikes. That decision could have implications for the coming year.

In news surfacing today, the World Bank cut its 2023 growth forecast to a level that sees many countries on the brink of a recessionary status. Moreover, with the continued impact of Russia’s war on Ukraine, and the central bank’s rising interest rates, the economic outlook for 2023 is growing grim.

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