World Bank Warns Of Global Recession

BBC: World Bank: Global rate hikes could trigger 2023 recession 

Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said. 

Central banks have raised rates "with a degree of synchronicity not seen over the past five decades" to tackle soaring prices, it said. 

 Raising rates makes borrowing more expensive to try to bring down the pace of price rises. 

But it also makes loans more costly, which can slow economic growth. 

The warning from the World Bank comes ahead of monetary policy meetings by the US Federal Reserve and Bank of England, which are expected to increase key interest rates next week.  

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WNU Editor: If you use the metrics that were used in the past to measure inflation, unemployment, and economic growth, the data would say that we have been in a recession since this summer. 

World Bank Warns Of Global Recession  

Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes -- World Bank  

World Bank warns higher interest rates could trigger global recession -- The Guardian/Reuters  

Global Recession Looms Amid Broadest Rate Hikes in Five Decades, World Bank Says -- Bloomberg  

World Bank forecast indicates possible global recession in 2023 -- UPI  

The World Bank warns the risk of a ‘global recession’ is rising as central banks worldwide raise rates simultaneously -- Fortune  

How central banks are risking a global recession -- Axios

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