scorecardresearchEconomists see probability of a recession on soaring inflation, aggressive interest rate hikes

Economists see probability of a recession on soaring inflation, aggressive interest rate hikes

Updated: 20 Jun 2022, 10:34 AM IST
TL;DR.
  • Economists have been talking about recession this year as inflation has shot up to multi-year high levels in major economies, prompting central banks to lift rates steeply higher.
Most rating agencies have started trimming their global growth forecast. Photo: Pixabay

Most rating agencies have started trimming their global growth forecast. Photo: Pixabay