The institution’s analysts say the world is ‘perilously close’ to recession Growth of the global economy will reach just 1.7% in 2023, the World Bank has projected, slashing its outlook from last year by nearly half, citing broadly worsening economic conditions. The Washington-based institution has cut nearly all of its projections for the most advanced economies. In June, its analysts predicted 3% growth for this year. The massive downgrade was a result of drastic changes to the World Bank's expectations for the growth of the US economy. Now, US GDP is projected to increase by 0.5%, down from the earlier forecast
Hence then, the article about world bank slashes global growth forecast was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( World Bank slashes global growth forecast )