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World Bank's Reinhart 'skeptical' global recession can be avoided

Channel News Asia LogoChannel News Asia1 mo ago

World Bank's Reinhart 'skeptical' global recession can be avoided

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MADRID : World Bank chief economist Carmen Reinhart said she is skeptical that the U.S.and global economies can dodge a recession, given spiking inflation, sharp hikes in interest rates and slowing growth in China.

Dollar banknote in this illustration taken, June 12, 2022.

Asked if a recession could be avoided in the United States or globally, Reinhart said, "I'm pretty skeptical.


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Article Details

Category: Economy

Topics: Growth Recession World Global Rates Cent Inflation Time 2022 Bank Reinhart

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 20:53:15

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 503 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 20263

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 45m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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