Recession confirm..! IMF, World bank releasing the forecast..!?

The World bank has raised concerns about the recession. The World bank has expressed concern that the global economy will continue to deteriorate in 2023, prompting a recession, with smaller states particularly vulnerable. The World bank made this comment in its second consecutive year of economic outlook warnings. Although not yet another crisis, this year's global growth could be adversely affected by disruptions such as poor inflation, poor financial flows, and the Russia-Ukraine crisis. This is predicted to lead to a recession.
A number of emergency initiatives and national-level initiatives are expected to affect the risk of collapse. Especially the debt crisis should be reduced. Investment growth should be encouraged. This can promote international development. Countries that are still affected should pay attention. Continue to act flexibly to reduce inflation. Central banks of various countries have been aggressively raising interest rates to reduce inflation. However, governments are taking various efforts to save people from this. This supports growth. Former Managing director of the international Monetary Fund, Cristalina Jarjua, said that 2023 has started as a difficult year. It can be difficult. A third of the global economy could hit a recession. Because countries including America, european countries, and china have said that they have achieved slow growth.Not only that, but he also warned that millions of people may be affected by this even in countries that are not afraid of recession, especially european countries that cannot avoid recession. He also mentioned that America is on the brink of recession. As china is currently under the influence of Corona, this is also expected to have an impact on the economy. Investments may decrease amid the ongoing recession. Investors can even start getting back what they have already invested. There may also be an impact on foreign exchange. The currency value of the countries can be seen to depreciate. The interest rate on loans may increase. Overall further lower class people may face the further problem.However, even in this challenging period, India's growth rate is expected to grow by 7% in the current financial year, according to the National Bureau of Statistics. It has predicted economic growth of 8.7% in the last financial year. This is seen as a very good thing amid recession fears.

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recession confirm

Sowmiya Sriram

09/01/2023 09:44 AM