• COVID, inflation, the war in Ukraine and the climate crisis are all conspiring to put a dent in global economic growth this year

    3 days ago - By Fortune

    Many countries are facing a recession as economic conditions 'cuts across both developed and developing countries.'
    Read more ...

     

  • UN forecasts fall in global economic growth to 1.9% in 2023

    4 days ago - By Chron

    UNITED NATIONS - The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9% this year as a result of the food and energy crisis sparked by the war in Ukraine, the ongoing impact of the COVID-19 pandemic, persistently high inflation and the climate emergency.
    Painting a gloomy and uncertain economic outlook, the U.N. Department of Economic and Social Affairs said the current global economic slowdown “cuts across both developed and developing countries, with many facing risks of recession in 2023.”
    “A broad-based and severe slowdown of the global...
    Read more ...