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Bookmark or Share- Chief Economists Say Global Recession Likely In 2023, But Pressures On ...Geneva, Switzerland, 17 January 2023 – A majority of the World Economic Forum’s Community of Chief Economists expect a global recession in 2023, see geopolitical tensions continuing to shape the global economy, and anticipate further monetary tightening in the United States and Europe. These are the key findings of the Chief Economists Outlook, launched today at the World Economic Forum ...
- Can the world avoid stagflation? An economist explainsStagflation is a combination of economic stagnation and high unemployment coupled with high inflation. Governments and central bankers are keen to avoid it as it signals a recession. Greg Daco, Chief Economist at EY-Parthenon, tells the Radio Davos podcast what he thinks might happen. Subscribe to the podcast.
- What is 'stagflation' and what does it mean for the future economy?Stagflation is a period when slow economic growth and joblessness coincide with rising inflation. As oil and gas hit record prices, Google searches for the term "stagflation" have spiked. Expert Alberto Gallo has stated that financial markets are caught between between stagflation worries and hopes that gross domestic product will pick up speed.
- Economy: Central banks are concerned about stagflation | World Economic ...Stagflation is the difficult combination of economic stagnation and inflation, which was last seen in the 1970s. A report by the BIS attributes the rise in inflation to an unexpectedly strong economic rebound from COVID-19, a switch in demand from services to goods, supply bottlenecks and the war in Ukraine.
- Chief economists on what lies ahead for the world in 2023 | World ...Europe is consequently seen as having the highest risk of stagflation – a combination of high inflation and economic stagnation. Europe is seen as having the highest risk of stagflation this year. Image: World Economic Forum.
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