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[L'Express] The odds of global recession are increasing as the Ukraine war escalates. A collapse in one region will augment the odds of collapse in the others. The World Bank's comprehensive study titled 'Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes' highlights that almost all nation-states "are tilting towards a cascade of economic crises in global financial markets and emerging economies, leading to long-term damages". The report blames central banks around the globe for raising interest rates
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