GLOBAL stagflation risk, the war in Ukraine, an almost synchronisation of interest rate hikes by major central banks, and a slowdown in China’s economic growth are among the factors that have darkened the outlook of the global economy and affecting worldwide markets.
“It’s going to be a tough 2022, but maybe even a tougher 2023,” a quote from the International Monetary Fund’s chief who does not rule out the risk of a global recession in 2023 given the elevated risks.
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