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World Bank warns global economy could easily tip into recession in 2023

Admin - 2 years ago
Business

The World Bank on Tuesday slashed its 2023 growth forecasts saying that it now expected global GDP growth of 1.7% in 2023, the slowest pace outside the 2009 and 2020 recessions in nearly three decades. In June 2022, the bank had forecast 2023 global growth at 3.0%. The bank also warned of major slowdowns in advanced economies.

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