ShreeMetalPrices: IMF Issues a 2023 Recession Warning and a Bleaker Forecast for the World.
In light of growing risks of a recession and financial instability. The International Monetary Fund will next week revise downward its projection for 2.9% global growth in 2023. According to managing director Kristalina Georgieva. With the shocks brought on by the COVID-19 epidemic, Russia’s invasion of Ukraine, and climate crises on every continent. Georgieva claimed […]
ShreeMetalPrices: Chipmakers See ‘Breathtaking’ Demand Drop as Recession Approaches
Signs are piling up that the tech downturn may be deeper and longer-lasting than feared. Samsung and AMD both posted earnings that fell short of expectations. Recent disappointing results fuel worries that a rebound is further away. Chipmakers are warning that demand is stalling on a weekly basis after years of record capital spending. The […]