World Bank Chief Raises 2023 Global Growth Outlook Slightly, Eyes Debt Progress

Posted on AllSides April 10th, 2023
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World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries.

Malpass told a media briefing that the upward revision was due to an improved outlook for China's recovery from COVID-19 lockdowns, with growth now pegged at 5.1% this year compared to 4.3% in the bank's January Global Economic Prospects report.

Advanced economies, including the U.S., are also...

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https://www.ibtimes.com/world-bank-chief-raises-2023-global-growth-outlook-slightly-eyes-debt-progress-3684640

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