In a July report, the company raised its full-year consumer price index inflation forecast to 7.8% from 7.4% and slashed its GDP growth forecast to 2.0%
Recession may be just around the corner: Swiss Re
![Swiss Re logo bank note inflation.jpg](https://assets.euromoneydigital.com/dims4/default/3adc195/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fb6%2F68%2F040108fc48a69096e8f00b275647%2Fswiss-re-logo-bank-note-inflation.jpg)
In a July report, the company raised its full-year consumer price index inflation forecast to 7.8% from 7.4% and slashed its GDP growth forecast to 2.0%