Published 2 years ago

U.N. agency warns of recession linked to 'imprudent' monetary policy

Summary by Ground News

U.N. economists warn the monetary and fiscal policies of advanced economies risk plunging the world into a recession worse than the financial crisis of 2008. The authors of the report warn the world is teetering on the edge of a recession due to bad policy decisions by advanced economies.

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Times of India

UN agency warns of ‘rate-linked’ recession

International Business News: GENEVA: A United Nations agency warned on Monday of the risk of a monetary policyinduced global recession that would have especially serious consequen.

2 years ago·India

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The Guardian

UN accuses richest countries of ‘imprudent gamble’ in inflation fight

Report says policies of high interest rates and austerity risk triggering global recession that will hit developing nations hardest

2 years ago·London, United Kingdom

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Reuters

U.N. agency warns of recession linked to 'imprudent' monetary policy

A United Nations agency warned on Monday of the risk of a monetary policy-induced global recession that would have especially serious consequences for developing countries and called for a new strategy.

2 years ago·United Kingdom

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The Hill

UN warns of a global recession as countries race to lower inflation

The United Nations warned of a global recession Monday amid efforts by regulators in the world’s most advanced economies — like the U.S. and Europe — to stanch sky-high inflation. The international body called on central banks like the U.S. Federal Reserve “to revert course and avoid the temptation to try to bring down prices…

2 years ago·Washington, United States

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Sky News UK

Don't raise interest rates, UN warns the Federal Reserve and other central banks

The UK economy is forecast to contract 0.9% in 2023, the UN agency said, amid "a series of headwinds" resulting from Brexit and international conditions.

2 years ago·United Kingdom

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