As the world is worried about a recession in 2023. Moody's Analytics says the more likely scenario is a "slowcession," where growth grinds to a near halt but a full economic downturn is narrowly avoided.

World Business Watch: Get ready for a 'slowcession' in 2023, Moody's warns

The findings are more pessimistic than the latest forecast from the International Monetary Fund. That institution warned in October that more than a third of the world economy will contract and there is a 25 per cent chance of global GDP growing by less than 2 per cent in 2023, which it defines as a global recession.

World Business Watch: World economy headed for a recession, says report

global-recession-2022

Global Recession 2022, News on Global Recession 2022, stories on Global Recession 2022, articles on Global Recession 2022, Global Recession 2022 stories at Wion, Global Recession 2022 news, Global Recession 2022 latest news

global recession-2022

World Business Watch: Get ready for a 'slowcession' in 2023, Moody's warns

World Business Watch: World economy headed for a recession, says report