Global recession likely in 2023; India may benefit from diversification of supply chains, says World Economic Forum Survey
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Image Credit: we forum
A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey. At the same time, some economies in the South Asia region, including Bangladesh and India, may benefit from global trends such as a diversification of manufacturing supply chains away from China, the report said.
