The world bank warns of a global recession, so is it inevitable? | Counting the Cost. Source: AL JAZEERA

Posted by

EconomyOpinionVideo

The world bank warns of a global recession, so is it inevitable? | Counting the Cost

https://youtu.be/VbQEMsioXxM

The world bank warns of a global recession, so is it inevitable?

COVID-19 in China, rising interest rates and the cost of living crisis have darkened the outlook for the months ahead.

The cost of almost everything from food to fertilisers is soaring, causing consumers to spend less. As governments aim to bring down the cost of living, containing inflation without pushing economies into a slowdown is difficult.

  • Meanwhile, Russia’s war in Ukraine and pandemic disruptions continue to constrain supply chains, darkening the outlook for the months ahead.

So, should we be ready for a global recession?

Elsewhere, the UK government takes aim at expensive energy bills.

Can the $19bn aid package ease the squeeze on incomes?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s