Many chief economists had somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum survey.
More than three quarters said they expected moderate inflation in the U.S. in 2023 while 24% said it would be high. In Europe, 43% predicted moderate and 57% forecasted high inflation.
Meanwhile, China was projected to have "very low" inflation in 2023 by 48% of chief economists. The same proportion said they had expectations for moderation inflation there.
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