Economists issue grim 2023 forecast ...News

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Economists issue grim 2023 forecast
source : Russia Today ( News ) () 58
The global economy is headed for a downturn as inflation remains a major threat, a report says The globe will slide into a recession next year as a number of economies will contract due to surging borrowing costs introduced to combat inflation, the UK-based Centre for Economics and Business Research (CEBR) has predicted in its latest report.    The world economy surpassed $100 trillion for the first time ever in 2022 but will stall in 2023 as “the battle against inflation is not won yet,” while regulators will keep raising interest rates, the consultancy said in its annual World Economic League Table.  “We expect

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