The World Bank is Forecasting a Recession - Good News for Some

27 Jan 2023 Global Tradeadmin

A global recession seems inevitable in 2023 based on a deluge of recent economic forecasts, most notably that of the World Bank, which downgraded their outlook for 2023 last week. Russia’s ruinous war against Ukraine, international inflation and continuing global trade conflicts over technology will also slow economic growth across many sectors.

Some pundits are even wondering whether developments such as ChatGPT might negatively impact the labor market. Nevertheless, in every economic situation there are winners as well as losers, so who will potentially benefit from the global economic downtown?

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