Spotlight – Global Economic Woes

When it comes to the New Year 2023, there isn’t much to cheer about, economically speaking. That is because the news is grim when it comes to the state of the world economy. And that is an understatement. The World Bank has made a big cut to its 2023 growth outlook, saying the globe is ‘perilously close’ to recession. This is while going into the New Year, the world was suffering from massive inflation, like in the EU and the US.

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