Recession ( Inflation, War , Uncertainty ,Covid Recovery ) Help

Folk tend to look inwardly or politically for the reasons of recession , what we are see now looks almost difficulty to control , forecast or plan for ,its going to get worse sadly .


https://edition.cnn.com/2022/06/07/e...ion/index.html

New York (CNN Business)You can add the World Bank to the growing chorus sounding recession alarm bells. In its latest outlook, World Bank president David Malpass said "for many countries, recession will be hard to avoid."

Malpass joins many others on Wall Street and at central banks around the globe who are starting to warn about a sharp economic downturn.
JPMorgan Chase (JPM) CEO Jamie Dimon referred to an economic "hurricane" on the horizon last week while Tesla's (TSLA) Elon Musk has said he has a "super bad feeling" about the economy.




https://www.nytimes.com/2022/06/07/b...-forecast.html


For large and small nations around the globe, the prospect of averting a recession is fading.

That grim prognosis came in a report Tuesday from the World Bank, which warned that the grinding war in Ukraine, supply chain chokeholds, Covid-related lockdowns in China, and dizzying rises in energy and food prices are exacting a growing toll on economies all along the income ladder. This suite of problems is “hammering growth,” David Malpass, the bank’s president, said in a statement. “For many countries, recession will be hard to avoid.”

World growth is expected to slow to 2.9 percent this year from 5.7 percent in 2021. The outlook, delivered in the bank’s Global Economic Prospects report, is not only darker than one produced six months ago, before Russia’s invasion of Ukraine, but also below the 3.6 percent forecast in April by the International Monetary