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World economy will face recession in 2023, warns CEBR

Shortpedia

Content Team
Image Credit: english.madhyaman

Those recession fears we have been harboring for a while might become true. According to the Centre for Economics and Business Research (CEBR), the world is walking into a recession in 2023. At its annual World Economic League, the British consultancy said that higher inflation will be the chief cause of the recession next year.