The global economy is looking at a very tough year
Recession is not certain, but it may now be difficult to avoid
What can past recessions teach us about what may be coming?
The global economy is ‘perilously close’ to falling into recession according to the World Bank’s latest forecast.
It now predicts world economic growth of 1.7% this year, a steep climbdown indeed from the 3% hoped for back in June. As for why, well, take your gloomy pick. Top of the list we find Russi
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