The bleak projections come as central banks around the world raise interest rates to tame inflation
Declining wealth is likely to weigh more heavily in regions with higher debt loads, report says
Russia's invasion of Ukraine cited as key factor in global economic slump
Bank hikes Fed forecast 75 bps, adds 25 bps to BoC call
Slowing growth to curb demand for metals, lowering prices and earnings
Recession now expected for Europe this year, U.S. in 2023
China and Europe are leading the downturn, while Canada and the U.S. may still skirt the worst
Most major economies face signs of slowing
Europe's regulators worry as credit, market and operational risks build
BMO lowers 2023 GDP forecasts for Canada, U.S.