An interesting fact about the upcoming recession
The chances of the world economy getting into recession look high, recent news from WTO looks making it more possible.
World trade in all goods is projected to slow sharply next year under the weight of high energy prices, and other factors like war-related, rising interest rates.
Total exports and imports of goods are likely to grow by just 1% in 2023, the World trade organization said on Wednesday, That would be down from the previous forecast of 3.4% and its forecast of 3.5% for this year, this looks pointing towards upcoming recession.
Source: https://www.wto.org/english/news_e/pres22_e/pr909_e.htm
