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Global Economy Slows Amid Inflation and Uncertainty | Philadelphia News
The global economy is cooling fast, with inflation stubbornly high and central banks struggling to balance rate hikes against economic risk. The IMF’s gloomy forecast points to war in Ukraine and lingering pandemic effects as key drag factors, while consumers and businesses tighten their belts amid rising costs and uncertainty. Though a full-blown recession isn’t guaranteed everywhere, the risk is soaring — especially as energy prices and supply chains remain volatile. World leaders and financial institutions are racing to find that razor-thin sweet spot: controlling inflation without…
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