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World economy heading for recession in 2023 with the weight of combating inflation – research

The world is likely to face a recession in 2023 as higher borrowing costs to fight inflation cause several economies to contract, according to the Center for Economic and Business Research (CEBR).

The global economy crossed US$100 trillion for the first time in 2022 but will stagnate in 2023 as policymakers continue their fight against rising prices, the British consultancy said in its annual World Economic League table.

“The world economy is likely to face . . .

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