World Bank sees global "soft landing" but warns of sluggish growth for developing nations

The World Bank has upgraded its growth outlook for the world this year, expecting it to hold steady at 2.6% for the first time in three years. The latest Global Economic Prospects report however warns that growth still remains well below the average of the pre-pandemic decade, affeting the world's poorest economies that are still grappling with inflation and high debt.  World Bank's Deputy Chief Economist Ayhan Kose speaks to France 24.

Jun 12, 2024 - 02:00
182116
World Bank sees global "soft landing" but warns of sluggish growth for developing nations
The World Bank has upgraded its growth outlook for the world this year, expecting it to hold steady at 2.6% for the first time in three years. The latest Global Economic Prospects report however warns that growth still remains well below the average of the pre-pandemic decade, affeting the world's poorest economies that are still grappling with inflation and high debt.  World Bank's Deputy Chief Economist Ayhan Kose speaks to France 24.
Original Post >>    

This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.