IMF in their latest report dubbed world’s economic outlook as “gloomy and uncertain”.
Almost 70% of Americans expect that a recession is coming their way.
On Tuesday, July 26, 2022, IMF further downgraded their global growth projection for 2022 and 2023 by 0.4% and 0.7% points and warned that USA and several European countries can fall into severe recession.
Well, generally speaking, recession is not a new thing; in fact the world has witnessed various episodes of recession in the past 100 years.
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