According to the entity's estimates, to control the rise in prices, central banks around the world will have to raise interest rates by an average of 2 percentage points. If accompanied by stress in financial markets, this pace would slow the planet's GDP growth to 0,5% in 2023 and 0,4% in per capita terms.
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This result would meet the technical criteria for defining a recession. The document also highlights a series of evidence that would point to a recessive situation on the horizon. According to the analysis, the global economy is registering the sharpest slowdown since the 1970s.
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