‘Sharpest Slowdown In 80 Years’: World Bank Releases Ominous News About Recession Risk
Posted on AllSides June 7th, 2022
From The Right
Photo by Samuel Corum/Getty Images.
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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