{"id":1559,"date":"2023-10-17T09:56:00","date_gmt":"2023-10-17T09:56:00","guid":{"rendered":"https:\/\/saddlebrown-scorpion-975628.hostingersite.com\/?p=1559"},"modified":"2026-04-23T10:44:51","modified_gmt":"2026-04-23T10:44:51","slug":"the-risk-of-recession-in-2023-the-world-is-on-the-verge-of-recession-how-inflation-energy-crisis-and-chinese-lockdowns-threaten-the-global-economy-in-2023","status":"publish","type":"post","link":"https:\/\/ib-association.com\/uk\/the-risk-of-recession-in-2023-the-world-is-on-the-verge-of-recession-how-inflation-energy-crisis-and-chinese-lockdowns-threaten-the-global-economy-in-2023\/","title":{"rendered":"The risk of recession in 2023: \u201cThe world is on the verge of recession: How inflation, energy crisis and Chinese lockdowns threaten the global economy in 2023\u201d"},"content":{"rendered":"<p>\u200b In 2023, the global economy faced a number of challenges that increased the risk of a<br>global recession. According to a World Bank study, the simultaneous increase in interest<br>rates by central banks to fight inflation could have brought the world closer to recession and<br>triggered financial crises in developing countries.<br>Regional challenges:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>United States: Aggressive interest rate hikes by the Federal Reserve to curb inflation have<br>raised fears of a possible downturn in the US economy.<\/li>\n\n\n\n<li>Europe: The energy crisis caused by geopolitical tensions has led to higher energy prices<br>and inflation in the euro area. In October 2022, inflation in Germany reached 11.7%, the<br>highest level since 1951.<\/li>\n\n\n\n<li>China: The slowdown in economic growth due to problems in the real estate market and<br>the effects of the \u201czero COVID\u201d policy have raised concerns about the stability of the world&#8217;s<br>second largest economy.<br>Forecasts and estimates:<br>In December 2022, the Center for Economic and Business Research (CEBR) predicted that<br>the global economy would face a recession in 2023. At the same time, some analysts<br>believed that a global recession could be avoided, but the world would likely experience<br>significantly lower growth rates of about 2.1% in 2023.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>\u200b In 2023, the global economy faced a number of challenges that increased the risk of aglobal recession. According to a World Bank study, the simultaneous increase in interestrates by central banks to fight inflation could have brought the world closer to recession andtriggered financial crises in developing countries.Regional challenges:<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1559","post","type-post","status-publish","format-standard","hentry","category---en"],"_links":{"self":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/comments?post=1559"}],"version-history":[{"count":1,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1559\/revisions"}],"predecessor-version":[{"id":1560,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/posts\/1559\/revisions\/1560"}],"wp:attachment":[{"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/media?parent=1559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/categories?post=1559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ib-association.com\/uk\/wp-json\/wp\/v2\/tags?post=1559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}