Global 'recession' to be extremely likely in 2023: WEF survey
IMF had also said a third of the global economy will enter a recession in 2023. It has further trimmed the GDP forecast for 2023 to 2.7%.
IMF had also said a third of the global economy will enter a recession in 2023. It has further trimmed the GDP forecast for 2023 to 2.7%.
After surging by about 60% in 2022, energy prices are projected to decline 11% in 2023 amid concerns of an impending global recession, the World Bank says in a report.