World Bank Lowers 2023 Outlook, ‘Perilously Close’ To Global Recession

Economy

At a glance

  • World Bank lowers 2023 outlook, says the world is ‘ perilously close’ to recession.
  • The international institution slashed its predictions for global GDP growth to 1.7% for 2023 after it had predicted that it would expand by 3% last year.

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