This is all due to high inflation and interest rates, reduced investment, and Russia’s invasion of Ukraine

THE WORLD BANK WARNED ON JAN 10 2023 THAT ANYMORE NEGATIVE BLOWS TO THE GLOBAL ECONOMY THIS YEAR COULD TRIGGER A RECESSION; THE GLOBAL ECONOMY IS IN A DANGEROUS SITUATION COMING INTO THE NEW YEAR, ACCORDING TO THE WORLD BANK’S BIANNUAL GLOBAL ECONOMIC PROSPECTS REPORT