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World Bank cuts global growth estimate for 2023 over recession risks
Updated : 3 years, 4 months ago IST
According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine.
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Global GDP growth to slow in 2022, 2023, recession risks high: S&P Glo
Updated : 3 years, 10 months ago IST
New Delhi [India], July 26 (ANI): After a 3.3 per cent contraction in 2020 and a 5.8 per cent rebound in 2021, global GDP growth is projected to slow to 2.7 per cent in 2022 and 2.6 per cent in 2023, said global financial services provider S&P Global Market Intelligence.
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Consumers feeling less confident about US economy as prices keep rising
Updated : 3 years, 11 months ago IST
New York [US], June 28 (ANI/Xinhua): US consumer confidence continues to soar in the face of high gas and food prices and rising recession risks, CNN reported on Tuesday, citing new data released from The Conference Board.
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