News Snapshot:
New York [US], July 25 (ANI): Some Asian economies face the risk of recession as rising prices have prompted central banks to increase interest rates, according to a Bloomberg survey released this month. The economic survey has predicted Sri Lanka's downturn in the next financial year. It states that crisis-ridden Sri Lanka has an 85 per cent probability of falling into recession in 2023, up from a 33 per cent chance in the previous survey. According to Bloomberg, the probability of recession for several other Asian economies remained unchanged in the survey. Economists who conducted this survey see a 20...
