World Bank Warns of Global Slowdown, Renewed Inflation Risk
The World Bank warns the global economy is just months from a worst-case scenario with growth slowing to 1.3% and inflation rising to 4.5%, according to Chief Economist Indermit Gill.
The World Bank has issued a stark warning about the global economy, stating it is only "a few months" away from a worst-case scenario. Chief Economist Indermit Gill indicated that under this scenario, global growth would slow to 1.3% while inflation would climb to 4.5%.
The remarks highlight mounting concerns over a potential simultaneous slowdown and resurgence of inflation, posing challenges for policymakers worldwide. The warning comes amid ongoing geopolitical tensions and supply-chain disruptions.
Source: FXStreet Forex News