Six months ago, The World Bank slashed its global growth outlook for 2022 and 2023 to +2.9% and +3.0% respectively blaming “the war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation” for hammering growth.
Today, in its latest report on global economic prospects, The World Bank has slashed its growth forecast for 2023 by almost a half to just +1.7%, led by weaker growth in all the world’s top economies — the United States, Europe and China.
Original Article: World Bank Warns Global Economy “Perilously Close To Falling Into Recession” | ZeroHedge
