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

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

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