Global Recession Odds are 50/50 Citigroup Warns Citigroup analysts have recently indicated that the likelihood of a global recession is now almost 50%, exacerbated by rapid interest rate hikes by central banks aimed at combating inflation. This inflation spike has been attributed to the aftermath of the Ukraine conflict and the ongoing COVID-19 pandemic. The analysts warn that the path to disinflation could significantly hinder growth, reflecting a grim outlook for global economic expansion over the next year and a half. Similarly, Barclays has highlighted the fragility of the global economy, projecting a slowdown to just 1% growth for developed economies in 2023, with the euro area expected to slip into recession by the end of the fiscal year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Cash's Comeback: Investors and Corporates Bet Big Despite Rate Cut Delays READ MORE Saudi Arabia Officially Joins BRICS READ MORE Gold Mining Stocks Poised to Outshine Bullion, Says VanEck Expert READ MORE Gold Rallies on Mixed US Employment Report, Fed Rate Cut Hopes Grow READ MORE Gold Holds Above $2,500: Safe-Haven Appeal Strengthens READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment