Global recession a risk as Gaza war rages on

Contrary to some projections, the world dodged a major recession in 2023. Still, the global economy is facing issues – external shocks like extreme weather and geopolitical upheaval are combining to make a full recovery slow, uneven and uncertain.

The ongoing Ukraine-Russia war has put a strain on supply chains around the world, especially on food security. Now, another violent conflict has broken out in Gaza.