top of page

2023 Recession upcoming? World Bank Issues Warning for Global Economy

The World Bank has estimated that global economic growth is on the brink of recession for many countries as the impact of central bank rate hikes and Russia's war in Ukraine. The world's major economic engines.

The most affected of all will be emerging markets and developing economies, the World Bank said, as they struggle with heavy debt burdens, weak currencies and income growth.


bottom of page