Davos Leaders: Global Recession ‘Likely’ To Happen In 2023

A full two-thirds of senior corporate and business leaders meeting at the 2023 World Economic Forum (WEF) in Davos, Switzerland, expect a global recession in the current year. The experts have warned that geopolitical tensions including Russia’s war in Ukraine will continue to weigh negatively on the global economy and said they anticipate further tightening of monetary policies in Europe and the United States. ‘‘The global economy is in a precarious position,” WEF managing director Saadia Zahidi has declared. According…