Facing the threat of recession

The world economy is in a precarious position. How policymakers react will be critical to millions.

The world economy is looking grim. The World Bank says global growth has slowed sharply and will continue to decelerate as high interest rates put the squeeze on credit.

“The world economy is in a precarious position,” said Indermit Gill, the World Bank Group’s Chief Economist.

Ordinary people are doing it tough. Rising prices for everyday goods, rents, and mortgages means less money for discretionary spending.

The risk of recession, which is already starting to bite in some advanced economies such as Germany and New Zealand, is real.

In this special report, the experts investigate the signs of recession, how to prepare, and some of the economic solutions and alternatives which could help fix the problem.

Originally published under Creative Commons by 360info™.

Editors Note: In the story “Economic slowdown” sent at: 26/06/2023 13:46.

This is a corrected repeat.