Economists Predict Whether 2023 Will See A Recession

  • “My deep concern is that these trends will persist, with long-lasting consequences that are devastating for people in emerging market and developing economies,” World Bank Group President David Malpass said in a press release.
  • “Policies should seek to generate additional investment and improve productivity and capital allocation, which are critical for growth and poverty reduction.”
  • On the other hand, economists at Goldman Sachs place the risk of a recession in the United States at a significantly lower 35%, forecasting that the nation will “stick a soft landing” as inflation decreases with only a slight impact on unemployment.