Here s what could tip the global economy into recession in 2023 ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.
According to the Centre for Economics and Business Research (CEBR), the world faces a recession in 2023. Higher borrowing costs, which are intended to tackle inflation, will cause a number of economies to shrink.
CEBR, one of the UK's leading economics consultancies, mentioned in its latest reports that as predicted 12 months ago, world GDP in USD terms rose above $100 trillion for the first time ever in 2022. Further, it is projected to reach $207 trillion by the end of our forecast horizon in 2037.
The global economy is headed toward a recession as it tries to deal with the pressures of inflation, according to the Centre for Economics and Business Research (CEBR), which foresees China overtaking the United States economically by 2036.
RIYADH: The world is heading towards a recession in 2023 as higher borrowing costs aimed at tackling inflation are set to push a number of economics into contraction, according to the Centre for Economics and Business Research. While the global economy surpassed $100 trillion for the first time in 2022, the British consultancy firm noted that the growth is going to stall in