The global economy as seen on a map: lowered growth projections

Against the backdrop of persistent inflation and higher interest rates, economists from Wall Street to the World Bank are growing increasingly persuaded that most of the world will be in recession this year. The Washington-based lender predicts that global GDP will grow by 1.7% this year, which is approximately half the pace predicted in June. After the recessions of 2009 and 2020, that would be the third-worst result in the last thirty years ....