David Malpass, president of the World Bank, said: “For many countries, A recession is difficult to avoid.” This is the latest warning from the World Bank. There are many experts on Wall Street as well as central banks around the world. that issued a warning signal to severe economic downturn
JPMorgan Chase CEO Jamie Dimon previously referred to the economic “hurricanes” last week, while Tesla’s Elon Musk said he had a “distance to I feel terrible” about the economy.
The cause of the economic recession ?
Malpass said in the World Bank’s latest view that “the ‘war in Ukraine’, ‘lockdown in China’ disrupted supply chains. All are reinforcing the growth of recession risk.”
recession This is a combination of sluggish economic growth and high inflation. has become a major concern at the end of the year. The trend warned older experts and consumers in the late 1970s, when a recession and a sluggish economy led to two recessions. This was called the exponential recession of the early 1980s.
