US and UK poised to slide into recession – Moody’s ...News

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US and UK poised to slide into recession – Moody’s
The downbeat forecast comes as central banks continue their fight against inflation Global growth will decelerate this year amid sticky inflation and higher borrowing costs, with the slowdown to be largely driven by advanced G20 economies, including the US, UK, and Germany, Moody’s Investor Service reported on Tuesday.  According to the ratings agency, real GDP growth in the G20 will slow to 2.1% in 2023 and 2.2% in 2024, from 2.7% in 2022. “We expect very weak growth in key advanced economies in particular, including mild recessions in the US, UK, and Germany, and stagnant economic activity in France and Italy,”

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