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World Business Quick Take - Taipei Times

GLOBAL ECONOMY <strong>Recession risk rising</strong> The probability of the world economy succumbing to a recession is nearing 50 percent as central banks tighten monetary policy and demand for goods weakens, Citigroup Inc said yesterday. Supply shocks continue to push up inflation and drive down growth, while central banks are hiking interest rates vigorously and consumer demand for goods is softening, the economists led by Nathan Sheets said in a report. Citigroup now sees the wor...
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