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11-07-2022, 10:29 AM
https://fortune.com/2022/06/07/world-ban...agflation/
The World Bank says most countries are headed for a recession, and warns of a possible return to 1970s ‘stagflation’
Investors, bankers, and entrepreneurs have been discussing the chances of a coming recession for months. Now the world’s premier international credit institution is joining the chorus that a recession is likely, and warns that something even worse might be on the horizon.
Global economic growth is expected to slow down before the end of the year, and most countries should begin preparing for a recession, according to the World Bank’s latest global economic forecast released on Tuesday.
“For many countries, recession will be hard to avoid,” wrote World Bank president David Malpass.
The World Bank says most countries are headed for a recession, and warns of a possible return to 1970s ‘stagflation’
Investors, bankers, and entrepreneurs have been discussing the chances of a coming recession for months. Now the world’s premier international credit institution is joining the chorus that a recession is likely, and warns that something even worse might be on the horizon.
Global economic growth is expected to slow down before the end of the year, and most countries should begin preparing for a recession, according to the World Bank’s latest global economic forecast released on Tuesday.
“For many countries, recession will be hard to avoid,” wrote World Bank president David Malpass.
