Caution on the Verge of Recession
Monday, October 17, 2022
The government must be ready to deal with the impact of a global recession, which is staring us in the face. Spending on major projects should be reexamined and reduced in order to improve the buying power of vulnerable people.
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WARNINGS by a number of international institutions mean that a global recession is a real threat and that we must be on the alert. To prevent things becoming worse in the future, the government must keep a close eye on and control spending. Now is not the time to spend large amounts on pet projects that bring few benefits.
In its annual meeting in Washington DC last week, the World Bank reduced its projected figure for 2023 global economic
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