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U.S. Bank Failures Pose Risk to Global Growth
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SINGAPORE—Turmoil in the U.S. banking sector isn’t just a problem for the U.S. It also increases the risks of a global recession.
Many economists expected a significant downturn in global economic growth this year even before U.S. lender Silicon Valley Bank collapsed, because of an expected pullback in spending and investment in the U.S. and Europe amid climbing interest rates.
Read more on wsj.comAbout this in other media
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