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Recession

Innovation leaders are ‘2.2X likely to tackle recession’

Globally, Innovation Leaders and Adopters are 2.2X more likely to accelerate their innovation during a recession than Innovation Followers and Laggards (who are more likely to decelerate).    In the UAE and

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Innovation leaders are ‘2.2X likely to tackle recession’

Globally, Innovation Leaders and Adopters are 2.2X more likely to accelerate their innovation during a recession than Innovation Followers and Laggards (who are more likely to decelerate).    In the UAE and

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GCC will buck recession; 3.6% GDP growth seen

While the global economy is expected to face weak growth and the possibility of recessions, as well as continued inflationary pressures, GCC economies are expected to weather the global slowdown, according to the latest PwC Middle East Economy

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Sharp decline in global growth this year: World Bank

Global growth is projected to decelerate sharply this year, to its third weakest pace in nearly three decades, overshadowed only by the 2009 and 2020 global recessions, says a new World Bank report.   This reflec

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US may avoid recession: Goldman Sachs

Goldman Sachs Researchers believe the risk of recession in the United States is lower in 2023  at 35%, says a briefing.    The report comes amid consensus estimates that put the probability of a recessi

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Third of world will be in recession this year: IMF chief

A third of the global economy will be in recession this year, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned.   She said 2023 will be "tougher" than last year with t

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Inflation, cybersecurity key concerns for UAE investors

Inflation, cybersecurity and risk of a potential recession are key concerns for UAE investors, with as many as 45% of them holding off on big purchases and 72% concerned about the long-term impact on retirement savings, a report said.

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Inflation, cybersecurity key concerns for UAE investors

Inflation, cybersecurity and risk of a potential recession are key concerns for UAE investors, with as many as 45% of them holding off on big purchases and 72% concerned about the long-term impact on retirement savings, a report said.

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Global economy facing deep recession over Covid crisis: IMF

The International Monetary Fund (IMF) has warned that the global economy was facing a deep recession with the ongoing impact of Covid-19.   "Uncertainty remains around the outlook, alongside long-term forces

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Global economy facing deep recession over Covid crisis: IMF

The International Monetary Fund (IMF) has warned that the global economy was facing a deep recession with the ongoing impact of Covid-19.   "Uncertainty remains around the outlook, alongside long-term forces

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