IMF and World Bank sound alarm over recession ...News

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IMF and World Bank sound alarm over recession
The global economy is slowing down and growth may completely stall next year, both institutions claim The world’s economy may plunge into a recession next year as central banks raise interest rates to battle inflation but are stalling growth in the process, according to World Bank President David Malpass and IMF head Kristalina Georgieva. The two were speaking at a joint virtual discussion on Monday. “There's a risk and real danger of a world recession next year,” Malpass stated, noting that slowing growth in advanced economies and currency depreciation in many developing countries are signaling a deterioration of

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