Rising risk of global recession
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Dhaka, Sept. 24 -- Since the beginning of this year, slowing economic growth, rising inflationary pressures, the US led NATO proxy War in Ukraine and food and fuel supply shortages have created an environment where the possibility of a global recession has become a strong possibility. A report published last week by the World Bank (WB) mentioned such a possibility.
The report says that synchronised interest rate hikes by central banks across the world led by the US Federal Reserve are pushing the global economy into a recession in 2023 along with a string of financial crises in emerging market and developing economies. The WB further added that the three largest economies, the US, China and the Eurozone have been slowing sharply, and eve...
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