‘Sharpest Slowdown In 80 Years’: World Bank Releases Ominous News About Recession Risk
Economy And Jobs,Banking And Finance,World,World Bank,Inflation,Stagflation
From the Right
AllSides Media Bias Rating: Right
The World Bank cut its global growth forecasts for 2022 on Tuesday and warned of the “sharpest slowdown in 80 years.”
In January, the international financial institution forecasted 4.1% economic growth for this year. In light of elevated inflation, lockdowns in China, the Russian invasion of Ukraine, and other phenomena, the World Bank revised its 2022 forecast to 2.9%.
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