Sharp, Long-lasting Slowdown to Hit Developing Countries Hard
2023 global growth to slow to 1.7% from 3% expected six months ago WASHINGTON, BTNp: – GLOBAL growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest “Global Economic Prospects” report. Given fragile economic conditions, any new…
