Global recession likely, say 63% of chief economists in WEF survey

Many chief economists offered somber predictions about whether the global economy would fall into a recession in 2023, according to a World Economic Forum (WEF) survey released Monday.

In the WEF’s Chief Economists Outlook survey, 63% of chief economists polled indicated they had expectations of the global economy experiencing a recession this year. Of that figure, 45% said one was “somewhat likely” and 18% said “extremely likely.”