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There’s now a 98% chance of a global recession, according to research firm Ned Davis, which brings some sobering historical credibility to the table. The firm’s recession probability reading...
Weak global demand was seen as the biggest challenge for businesses to overcome in 2023, followed by the high cost of borrowing, high input costs and talent shortages. Geopolitical trends continue to dominate thinking, being cited as the top factor shaping global economic activity in the year ahead.
Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on...
A global recession is a recession that affects many countries around the world—that is, a period of global economic slowdown or declining economic output.
The global economy is now in its steepest slowdown following a post-recession recovery since 1970. Global consumer confidence has already suffered a much sharper decline than in the run-up to previous global recessions.
A global recession is an extended period of economic decline around the world. The IMF uses several criteria to analyze the occurrence, scale, and impact of global recessions....
A rapid deterioration of growth prospects, coupled with rising inflation and tightening financing conditions, has ignited a debate about the possibility of a global recession. Drawing on insights gained from previous global recessions, a World Bank study presents a systematic analysis of the recent evolution of economic activity and policies ...