Now, World Bank warns of global recession; cuts 2023 economic growth forecasts

The World Bank slashed its growth forecasts for most countries and regions, and warned that new adverse shocks could tip the global economy into a recession. Global gross domestic product...

Global economy may be entering a difficult era and economists are worried

The world economy looks to be transitioning to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced. That’s the...

One-third of world economy to hit recession in 2023, IMF warns

London, Jan 2: For much of the global economy, 2023 is going to be a tough year as the main engines of global growth...

As Crypto comes crashing, FTX founder Sam Bankman-Fried arrested

Bahamas, Dec 13: Sam Bankman-Fried, disgraced founder of the cryptocurrency exchange FTX was arrested in the Bahamas Monday, authorities said. "The Bahamas and the United States...

Recession unlikely in Asia-Pacific region in 2023: Moody’s

New Delhi, Nov 24: A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher...

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