Odaily Planet Daily News According to a report released by the World Economic Forum (WEF) on January 16, the International Monetary Fund (IMF) expects that about one-third of the world's economy will fall into recession in 2023: "The global growth outlook remains weak and the risk of a global recession is high." The report added that by early 2023, companies will face a "triple challenge." High prices for key inputs, tight monetary policy, and weak demand will all curb economic recovery. The chief economist also believes that employee shortages, talent availability, and drastic cost cuts are also factors. All this has a trickle-down effect on retail consumers at the bottom. In addition, the U.S. savings rate has fallen to an all-time low of around 2.3% (the indicator is used to measure the amount a person deducts from disposable income for investment). Analysts say this could have a significant impact on crypto assets, which are generally considered high-risk. If disposable income decreases, there will be fewer investors in risky assets such as cryptocurrencies. A recession could further affect this, as it may be that only the rich can afford to get involved in high-risk crypto investments. (Crypto Potato)