World Outlook
By CBoC Economics Team • Updated November 9, 2022
Slow-Motion Retreat in Inflation
The world economy will continue to grow, but the odds of a global recession have jumped markedly. The downturn in momentum for the global economy will be broad-based, with U.S. real GDP declining from a gain of 5.7 per cent last year to only 1.7 per cent this year.
November 9, 2022 • 8-min read
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