Global growth forecast slashed ...News

Russia Today - Economy
Global growth forecast slashed
source : Russia Today ( News ) () 33
The world’s economic growth is expected to slow to 3.2% this year Global growth is expected to decelerate to 3.2% this year, the World Bank said on Monday, citing the impacts of the conflict in Ukraine, inflation, and the lingering effects of the coronavirus pandemic. The bank had previously projected 4.1% global economic expansion in 2022. World Bank President David Malpass told reporters on a conference call that the institution is proposing a new, 15-month crisis financing target of $170 billion, with a goal to commit about $50 billion of that financing over the next three months. “We’re preparing for a continu

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