Global Growth Takes a Hit: World Bank Warns of Sharp Decline in 2023
Higher inflation, higher interest rates, and disruptions caused by Russia’s invasion of Ukraine are among the causes.
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The World Bank said this week that global growth is projected to slow sharply, citing a number of factors including higher inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine.
In its latest report on the prospects for the global economy, the Washington-based institution is now projecting that the g…