WEF Survey Finds , 63 of Chief Economists Think , a Global Recession Is Likely.br On September 16, a World Economic Forum (WEF) survey br revealed that many chief economists have offered a br grim prediction for the global economy in 2023.br On September 16, a World Economic Forum (WEF) survey br revealed that many chief economists have offered a br grim prediction for the global economy in 2023.br Fox News reports that the WEF's Chief Economists br Outlook survey suggests 63 of experts polled felt br that the global economy is headed for a recession.br 45 of chief economists said that br a recession was "somewhat likely," br while 18 said it was "extremely likely.".br According to the WEF, the number of expert economists who believe a global recession is "extremely likely" has more than doubled since a similar September survey.br The survey suggests that br the outlook for economic growth br varies greatly by region.br The outlook for Europe was the most pessimistic,br with 68 predicting "very weak" growth br and another 32 forecast "weak" growth.br Meanwhile, South Asia, the Middle East br and North Africa saw positive expectations br with expectations of moderate to strong growth.br Meanwhile, South Asia, the Middle East br and North Africa saw positive expectations br with expectations of moderate to strong growth.br The survey also looked at br how inflation would play out br across various regions.br According to the survey, over three quarters br of economists forecast moderate inflation in br the U.S., while another 24 predicted high inflation.