World Bank sounds alarm over recession in 2023

The World Bank is concerned about a global recession in 2023.

The World Bank has expressed concerns about a global recession in 2023 over concerns about central banks’ rate hike policies around the globe.

US Recession Risks 2023

The World Bank says: “The global economy was in its steepest slowdown following a post-recession recovery since 1970.

The US, China, and the Eurozone have been slowing sharply. Under the circumstances, even a moderate hit to the global economy over the next year could tip it into recession.”

Delivery Companies Troubled Times

Stock shares of a few major delivery companies are all down.

Last week, FedEx warned investors that the Asia and European markets are experiencing unexpected slowdowns; revenues will be hundreds of millions of dollars less than recent forecasts projected.

FedEx regrettably announced they will close dozens of yet unnamed offices due to the drop in demand and revenue – shares dropped 20% after the announcement.

Word of Advice From the World Bank

The World Bank called on central banks to coordinate their decisions and communicate clearly to “reduce the degree of tightening needed.”