Philip Aldrick Bloomberg News

Philip Aldrick Bloomberg News

December 16, 2022 | Daily Business Review

Global Recession Risks Rise as Central Banks Raise Rates

Major central banks this week signaled their willingness to countenance a global recession in 2023 as they promised to raise borrowing costs further in their ongoing battle against sky-high inflation.

By Rich Miller, Jana Randow and Philip Aldrick, Bloomberg News.

6 minute read