Invpeace

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

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DAVOS, Switzerland (Reuters) – Two-thirds of leading public and private economists surveyed by the World Economic Forum expect a global recession in 2023, the organizer of the Davos Forum said on Monday, as business and government leaders gathered. its annual meeting. About 18% considered a global recession “highly likely” — more than double that of … Read more

US banks are preparing to cut profits and recession

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NEW YORK (Reuters) – U.S. banking giants are expected to report lower fourth-quarter profits this week as lenders hoard money for rainy days in preparation for an economic slowdown that will hurt investment banking. Four US banking giants – JPMorgan Chase & Co (JPM.N)Bank of America Corp (BAC.N)Citigroup Inc (CN) and Wells Fargo & Company … Read more