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Search US and Chinese slowdown will tip the world into recession, says IIF Economists have been cutting the global growth outlooks all year as the chances of a global recession become increasingly likely. / wiki By bne IntelliNews July 2, 2022 The worsening economic data coming out of the US and yet another coronavirus (COVID-19) lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1. The think-tank has been warning of a possible recession in Europe as a result of soaring inflation, exacerbated by the war...
