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Recession Risks Duel Resilience Hopes in Global Economy Outlook

  • Peterson warns advanced economies growing only moderately
  • Inflation stickiness threatens to force Fed to create downturn
Bloomberg business news
Why the IMF Slashed Its Global Growth Forecast

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The fastest inflation in decades and the resulting rush by central banks to raise interest rates are stoking recession fears in financial markets -- worries that are being compounded by the impact of aggressive coronavirus lockdowns in China and the war in Ukraine.