Five indicators that the world economy is about to enter a decline

The UN has warned of an impending global recession worse than the 2008 financial crisis and COVID-19. Rising inflation is leading to a hike in interest rates, resulting in companies freezing hiring and planning to downsize. Economists have provided five key indicators for the current recession predictions, including a surging US dollar, a faltering US economy, Corporate America tightening purse strings, a bear market in Wall Street, and war and inflation in the UK. The general consensus is that the global recession will occur in 2023, but the severity and duration are unknown.

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