Home / Current Affairs / News / WEF 2022: Outlook grim for global recession but experts weigh how much

WEF 2022: Outlook grim for global recession but experts weigh how much

"We are not in a recession yet, but the signs are not good," said David Rubenstein, Co-Founder and Co-Chairman of Carlyle at the World Economic Forum's (WEF) Annual Meet on Tuesday

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2 min read Last Updated : Aug 02 2023 | 11:05 AM IST

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As the Russia-Ukraine conflict continues, central bankers and economists are fearful that the world may be headed for recession. While the supply chains remain choked as many of China’s factories are still closed due to Covid-19 spread, markets are panicky, with technology stocks in particular distress, and inflation is running high.

“We are not in a recession yet, but the signs are not good,” said David Rubenstein, co-founder and co-chairman of Carlyle at the World Economic Forum's (WEF) Annual Meet on Tuesday.

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“We have downgraded

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