70 According to a survey conducted by the World Economic Forum, nearly two-thirds of economists believe that there will be a global recession in 2023. The World Economic Forum Chief Economists Outlook, which was published in January 2023, found that growth prospects for the global economy remain weak and the risk of a recession is high. The International Monetary Fund (IMF) also expects that around a third of the global economy will enter a recession in 2023. The organization has also lowered its forecast for global GDP growth for the year to 2.7%. This comes as a cause for concern, as the global economy is still recovering from the shock of the COVID-19 pandemic and struggling to regain its footing. The IMF also points to increasing uncertainty and risks, including the resurgence of the virus and the possibility of further lockdowns and economic disruption. You Might Be Interested In Electronics exports seen to fall flat RBI calls for international regulation of cryptocurrency activities Outstanding debt hits P14.1 trillion IMF cautions about inflation risks, trims growth predictions, yet remains optimistic about US resilience India is seeing a massive aviation boom Inflation accelerates in August for 1st time in 7 months
