News > World economy headed for recession in 2023, says researcher

World economy headed for recession in 2023, says researcher

26/12/2022 04:08 PM | Click to read full article

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research. “It’s likely that the world economy will face recession next year as a result of the rises in interest rates in response to higher inflation,” said Kay Daniel Neufeld, Director and Head of Forecasting at CEBR. 

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