Global Recession 2023: According to the Centre for Economics and Business Research (CEBR), a global recession will start in 2023. A global recession is predicted by other agencies as well to begin in 2023. New borrowing costs put in place to fight inflation cause several economies to shrink. According to the British consultancy’s annual World Economic League Table, the global economy topped $100 trillion for the first time in 2022 but will halt in 2023 as governments continue to struggle against growing costs.

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