Sharp, Long-lasting Slowdown to hit Developing Countries hard
WASHINGTON, Jan. 10, 2023 — Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile…
World Bank sees global economy growing 2.7 percent this year
By Paul Wiseman, Associated Press From Business Insider WASHINGTON (AP) — The world economy will pick up speed this year and next, helped by steadier commodity prices and a pickup in global trade, the World Bank said Sunday. The anti-poverty…
