On Wednesday, the European Central Bank predicted a recession in 19 countries that use the euro.
The European Central Bank said in a statement that “the rise in energy prices and inflation rates against the backdrop of the Ukraine war increased the risks of bank losses and turmoil in financial markets.”
A few days ago, the President of the World Bank, David Malpass, expressed his concern about a recession that the global economy will experience during 2023 in light of the war that Russia is waging against Ukraine, and the slowdown in the economies of many countries.
