Finance

The global economic situation is more severe than ever! Countries around the world have raised interest rates to combat inflation, and monetary tightening has reached the largest extent in 50 years. The three major economies of the United States, China, and the eurozone have experienced the sharpest slowdown since 1970. The GDP growth rate will be greatly affected, and the global economy will fall into recession.

Taipei, Taiwan (The CTP News) – Are you feeling the economic risk? The latest research report of the World Bank pointed out that under the monetary strategies of various countries to fight inflation, the central bank has successively raised interest rates, and the monetary tightening has reached the largest in 50 years, which has caused great pressure on economic growth. The three major economies of the United States, China, and the eurozone are experiencing the sharpest slowdown since 1970, which is bound to hit the GDP growth rate next year and put the global economy into recession.