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World Bank Warns Global Economy Could Easily Tip Into Recession In 2023

WASHINGTON, Jan 10 (Reuters) - The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter. The development lender said it now expected global GDP growth of 1.7% in 2023 -- the slowest pace outside the 2009 and 2020 recessions in…

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Crypto Needs Oversight To Avoid Harming Americans, White House Says

WASHINGTON, Nov 10 (Reuters) - Cryptocurrencies risk harming everyday Americans without proper oversight and the latest news involving crypto underscores these concerns, White House press secretary Karine Jean-Pierre said on Thursday. She said the White House will continue to monitor developments on cryptocurrencies. “The administration has consistently maintained that, without proper oversight of cryptocurrencies, they…

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