Per Wall Street Journal
UN Says FED and Central Banks are Risking a Global Recession by Continually Raising Interest Rates
10/4/2022
The United Nations says the FED and other central banks risk a global recession if they continue raising interest rates.
UNCTAD estimates that the reduced economic output in poor countries due to the FED's rate increases could amount to $360 billion in three years. Further policy tightening could result in more harm to poor countries.
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