Global Economy Getting Close to a Receding, Central Banks Released The world economy is advancing towards recession, as economists interviewed by us repeatedly cut growth estimates for the major economies. Meanwhile, central banks are increasing interest rates in order to lower the rate of inflation that has been rising for years. A bright side is that many major economies currently in recession or about to enter one are experiencing relatively low levels of unemployment in comparison to prior recessions. In fact, the most recent poll predicts the narrowest gap between unemployment and growth over the course of at least four…