Risk of global recession rises amid simultaneous interest rate hikes: World Bank

Washington [US], September 16 (ANI): As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasting harm, according to a new study by the World Bank.

Central banks around the world have been raising interest rates this year with a