U.N. Secretary-General Antonio Guterres warned Wednesday that the global economy is heading into the “eye of a Category 5 hurricane” during his address to the World Economic Forum in Davos, Switzerland.
Guterres said the world is facing a “perfect storm” on multiple fronts, which include problems caused by the global shutdown from the COVID-19 pandemic, the war in Ukraine, and the threat of a recession.
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“We are looking into the eye of a Category 5 hurricane. Our world is plagued by a perfect storm on a number of fronts,” the head of the United Nations said in Switzerland.
“Start with the short term, the global economic crisis. The outlook, as we all know, is bleak. Many parts of the world face recession, and the entire world faces a slowdown.”
