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Davos: Two-thirds of economists expect a recession in 2023

by LLB Reporter
16th Jan 23 12:39 pm

Almost two-thirds of economists surveyed by the World Economic Forum expect there will be a recession in 2023. So what does that mean for businesses?

In a world of ‘polycrisis’, how can companies pivot to resilience, while staying profitable and sustainable?

These are some the questions that will be discussed during the Forum’s Annual Meeting in Davos – and in the months ahead.

A survey of leading economists for the Forum’s latest Chief Economists Outlook gauged views about some of the likely headwinds that businesses are going to face in 2023 – as well as the most effective responses to these headwinds and sources of optimism.

It finds that the outlook for the global economy is gloomy, with almost one in five respondents now considering a global recession to be extremely likely in 2023, more than twice as many as in the previous survey in September 2022.

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