Global Economy Braces for Impact as World Bank Predicts Recession

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The World Bank has issued a dire warning for the global economy, predicting that it will enter into a recession in the coming months. The institution cites a number of factors, including the ongoing trade tensions between major economies, geopolitical instability, and the ongoing COVID-19 pandemic as contributing to this grim outlook. The World Bank is urging governments and central banks to take swift and decisive action to mitigate the impact of this recession, including implementing measures to support small and medium-sized enterprises, providing relief for vulnerable populations, and investing in infrastructure and other projects that can stimulate economic growth. Experts are monitoring the situation closely, and hope that the impact of the recession will not be as severe as the last one.