Too Long; Didn't Read
The IMF predicts that after peaking at 6% in 2021, global growth would decline to 3.2% in 2022 and 2.7% in 2023.
This would be the weakest growth profile since 2001 aside from the global financial crisis and the COVID-19 pandemic's severe phase.
Big tech companies like Amazon, Meta, and Google are fortifying their defenses against an impending global economic slowdown.