Dark clouds on the horizon
Dark clouds on the horizon jLDwa
The drumbeat warning of recession is getting louder and more frequent, based on reports from the US and other major economies.
Earlier this month the IMF warned that the outlook for the global economy had "darkened significantly" since April, and a worldwide recession next year was possible given the elevated risks.
The organisation cited a broader spread of inflation, increasingly substantial interest rate hikes, a slowdown in China's economic growth, and escalating sanctions as a result of Russia's war in Ukraine.
The drumbeat warning of recession is getting louder and more frequent, based on reports from the US and other major economies.
Earlier this month the IMF warned that the outlook for the global economy had "darkened
significantly
" since April, and a worldwide recession
next
year was possible
given
the elevated
risks
.
The organisation cited a broader spread of inflation,
increasingly
substantial interest rate hikes, a slowdown in China's economic growth, and escalating sanctions
as a result
of Russia's war in Ukraine.
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