global recession – DIGIT INFO

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

Go to Source

IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out

The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has Darkened Significantly’ Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook […]

Go to Source

World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’

World Bank Warns of Global Recession — 'This Is the Sharpest Slowdown in 80 Years'

The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.” World Bank on Global Recession, Stagflation The World Bank warned about the rising risk of stagflation and global recession Tuesday. World Bank […]

Go to Source

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to […]

The post Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package appeared first on Bitcoin News.

Go to Source

Federal Reserve Index: The US Is Already in Recession

Federal Reserve Index: The US Is Already in Recession The Federal Reserve Bank of Chicago’s monthly index has plunged, suggesting that the U.S. has entered a recession. The index is designed to gauge the overall U.S. economic activity and inflationary pressure. It is a weighted average of 85 monthly indicators. Fed Index Suggests the US Already in Recession The Federal Reserve Bank of Chicago […]

The post Federal Reserve Index: The US Is Already in Recession appeared first on Bitcoin News.

Go to Source

ECB Expects Worse Recession in Europe Than Global Economy

ECB Expects Worse Recession in Europe Than Global Economy The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained ECB Vice President Luis de Guindos. Also read: IMF Declares Global Recession, 80 […]

The post ECB Expects Worse Recession in Europe Than Global Economy appeared first on Bitcoin News.

Go to Source

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global recession. Also read: IMF Declares Global Recession, […]

The post JPMorgan, Bank of America, Deutsche Bank Predict Major Recession appeared first on Bitcoin News.

Go to Source

IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed

IMF Says Recession Is Here, 80 Countries Request Help, Trillions of Dollars Needed The International Monetary Fund (IMF) has declared that we have entered a global recession — one that is as bad as or worse than the previous global financial crisis. 80 countries have already requested emergency assistance from the IMF. Meanwhile, the G20 has reported fiscal measures totaling some 5 trillion dollars or over 6% of […]

The post IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed appeared first on Bitcoin News.

Go to Source