Global Economy “Perilously Close to Falling into Recession”, World Bank says
According to the latest forecast from the World Bank, the global economy is "perilously close to falling into recession".
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World Bank Warns Global Rate Hikes Could Trigger Recession in 2023
The World Bank has warned that the interest rate hikes by central banks across the world could trigger a global recession in 2023.
Bank of England May Slow Interest Rate Rises Amid Recession Warnings
Bank of England (BoE) governor Andrew Bailey has hinted that UK interest rates may be increased at a slower pace amid concerns that the country may fall into a recession if they are hiked too aggressively.
Stocks Down Amid Warning Of “Exceptional Uncertainty” From World Bank
On Tuesday, European stocks opened in the red as the ongoing war in Ukraine, the pandemic, and inflation shadowed the global economic outlook.
Ukraine’s Economy Slashed In Half By War
According to the World Bank, Ukraine’s economy is on track to shrink by almost half this year following Russia’s unprovoked invasion on February 24.
