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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.
India seems “unstoppable” in its momentum to become the third economic superpower and touch the $10 trillion mark by 2035, according to the Centre for Econ..
Bangladesh's long-term outlook looks brighter as a leading London-based think tank projects the country to become the 20th largest economy out of 191 countries by 2037, owing to its macroeconomic stability, strong remittance flows and a robust export market. The Centre for Economics and Business Research (CEBR) last year projected that Bangladesh would become the 24th largest
Research also predicts that the world will enter a recession in 2023 as higher borrowing costs to combat inflation caused a number of economies to contract, , indian economy