Two-thirds of chief economists expect global recession in 2023, WEF survey finds

The survey comes after the World Bank last week slashed its 2023 growth forecasts to levels close to recession for many countries

as the impact of central bank rate hikes intensifies, Russia’s war in Ukraine continues, and the world’s major economic engines sputter.

On inflation, the WEF survey saw large regional variations: the proportion expecting high inflation in 2023 ranged from just 5 per cent for China to 57 per cent for Europe, where the impact of last year’s rise in energy prices has spread to the wider economy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What comes with an Amazon Canada Prime membership in 2023?Plus some of our favourite finds
Read more »

What comes with an Amazon Canada Prime membership in 2023?Plus some of our favourite finds
Read more »

What comes with an Amazon Canada Prime membership in 2023?Plus some of our favourite finds
Read more »