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World Bank warns global economy to slow sharply amid higher interest rates

Por: Fox Business Business June 06, 2023

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Penn Mutual Asset Management's Mark Heppenstall discusses the Consumer Price Index report, recession risk in the U.S. and his outlook for the labor market as companies are set to begin wave of layoffs. The World Bank said Tuesday that  has slowed sharply in the face of higher interest rates, chronic inflation and continued fallout from the banking crisis. The world economy is expected to expand just 2.1% this year after growing 3.1% in... + full article



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