World Business Watch: World economy headed for a recession, says report
Edited By WION Video Desk
Published: Dec 26, 2022, 05:29 IST | Updated: Dec 26, 2022, 05:29 IST
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.
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