World Bank to Warn from Global Recession Risk

(Bloomberg) — The World Bank Concerns “further adverse shocks” The global economy could fall into recession in 2023, with small countries particularly vulnerable. The

Most Read warning of Bloomberg

The is included in the summary of the half-yearly “Global Economic Prospects” report to be published on Tuesday and visible on the Group’s Open Knowledge Repository website.

Even No further crisis, global growth this year (* ) “is expected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine,” said. World Bank risks of recession and debt crises need to be mitigated in emerging and developing economies (EMDEs), where investment growth is expected to remain below the average of the past two decades, the

“Urgent global and national efforts”-based lender said. Washington it says.

“It is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient,” Demands from central banks around the world as they aggressively raise interest rates to ease price pressures, while governments support businesses and households by easing reining in energy costs.

Similar Warning from 2023, world(* ) will face a third of the world recession as the US, EU and

International Monetary Fund Managing Director Kristalina Georgieva are all slowing down sim Finally, she told CBS in a radio interview “a tough year, tougher than the year we leave behind.” One ( *). 1.China of ( *)©2023 ‘Face the Nation’ L.P.Jan

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