Global recession risk warning issued ...News

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Global recession risk warning issued
source : Russia Today ( News ) () 36
The world economy faces a 50% chance of slowdown, according to Deutsche Bank Deutsche Bank CEO Christian Sewing said on Wednesday the global economy may be headed for a recession as central banks scramble to combat inflation. “At least I would say we have 50% likelihood of a recession globally,” Sewing said at the Future of Finance Summit in Frankfurt, as quoted by Bloomberg. According to the top banker, the chances of a recession hitting the US and Europe in the second half of 2023 are higher than the bank’s previous forecasts before the start of the war in Ukraine. Sewing highlighted that the world economy is fa

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