Global Economy   edit

Global Economy +

The World Bank announced that it is downgrading the 2022 global economic growth forecast from 4.1% to 3.2%. The decrease is driven largely by the "overlapping crises [of] COVID-19, inflation and Russia's invasion of Ukraine," said World Bank President David Malpass at a media roundtable. "I'm deeply concerned about developing countries," he continued. "They're facing sudden price increases for energy, fertilizer, and food, and the likelihood of interest rate increases. Each one hits them hard. These, plus the war in Ukraine and China's COVID-related shutdowns, are pushing global growth rates even lower and poverty rates higher."
Global Economy COVID-19 Inflation World Bank Ukraine-Russia War

The World Economic Forum released the 17th edition of The Global Risks Report, which suggests that the global economy will become more unequal in 2022 due in large part to unequal recoveries from the COVID-19 pandemic. The report cites vaccination and healthcare as deciding factors.
Global Economy COVID-19 US Economy World Economic Forum

References

  1. The Report
    www3.weforum.org

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