People over here say there's no recession. But believing HN's assertions on global economy makes as much sense as believing it's opinions on Medical or Science

People over here say there's no recession. But believing HN's assertions on global economy makes as much sense as believing it's opinions on Medical or Science threads. For financial information about the world economic situation I tend to prefer reading WorldBank, who's Global Economic Prospects for 2023 is not that positive: https://openknowledge.worldbank.org/bitstream/handle/10986/38030/GEP-January-2023-Executive-Summary.pdf https://openknowledge.worldbank.org/bitstream/handle/10986/3... --- Global growth is projected to decelerate sharply this year, to its third weakest pace in nearly three decades, overshadowed only by the 2009 and 2020 global recessions. This reflects synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from the Russian Federation’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into yet another recession. Small states are especially vulnerable to such shocks because of their reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Urgent global action is needed to mitigate the risks of global recession and debt distress in EMDEs. Given limited policy space, it is critical that national policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient