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IMF warns global economy faces tougher year in 2023

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It's not just Brazil that's feeling the crunch. The International Monetary Fund has issued an ominous warning for what could be ahead in the new year.

The organization predicts that one third of the world will be in recession in 2023, according to a statement issued on Monday. But with many countries already cash-strapped, the effects of such a recession could be disastrous. Priyanka Navani reports.


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2023, Business Issues 2023, Economic Struggles in 2023
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