The rate of the US dollar against the yen and euro against the yen displayed on an electronic stock board outside a securities firm in Tokyo on September 15 2022. Picture: Noriko Hayashi/Bloomberg
The global economic outlook remains downbeat and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global recession, the IMF said on Thursday. The world’s three largest economies — the US, China, and the eurozone — have been slowing sharply, and even a “moderate hit to the global economy over the next year could tip it into recession,” it said.
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