Will there be a real recession after all?

According to the Center for Economic and Business Research, there will be a global recession in 2023. And while U.S. officials convince investors otherwise, expensive credit and still-high inflation will continue to squeeze major economies.

The world economy surpassed $100 trillion for the first time in 2022, but there is only a 25 percent chance that the economy will grow 2 percent next year. But by 2037, global GDP is expected to double.