WEF Survey Finds , 63% of Chief Economists Think , a Global Recession Is Likely.<br />On September 16, a World Economic Forum (WEF) survey <br />revealed that many chief economists have offered a <br />grim prediction for the global economy in 2023.<br />On September 16, a World Economic Forum (WEF) survey <br />revealed that many chief economists have offered a <br />grim prediction for the global economy in 2023.<br />Fox News reports that the WEF's Chief Economists <br />Outlook survey suggests 63% of experts polled felt <br />that the global economy is headed for a recession.<br />45% of chief economists said that <br />a recession was "somewhat likely," <br />while 18% said it was "extremely likely.".<br />According to the WEF, the number of expert economists who believe a global recession is "extremely likely" has more than doubled since a similar September survey.<br />The survey suggests that <br />the outlook for economic growth <br />varies greatly by region.<br />The outlook for Europe was the most pessimistic,<br />with 68% predicting "very weak" growth <br />and another 32% forecast "weak" growth.<br />Meanwhile, South Asia, the Middle East <br />and North Africa saw positive expectations <br />with expectations of moderate to strong growth.<br />Meanwhile, South Asia, the Middle East <br />and North Africa saw positive expectations <br />with expectations of moderate to strong growth.<br />The survey also looked at <br />how inflation would play out <br />across various regions.<br />According to the survey, over three quarters <br />of economists forecast moderate inflation in <br />the U.S., while another 24% predicted high inflation.<br />NBC reports that the release of the survey's results <br />coincide with the WEF's annual meeting of heads of state <br />and global business leaders in Davos, Switzerland
