World Bank chief David Malpass said that the world economy was in danger.
The multilateral institution’s boss made his sentiments known in the foreword of this year’s edition of the Global Economic Prospects report. The document published annually by the World Bank takes stock of the developments in the global economy and uses them to predict the future.
The world economy had been dealt a mortal blow by the advent and onset of the COVID pandemic two years ago. This time, the World Bank warns that the global economy is threatened by stagflation.
- World Bank expects global economic growth to decline sharply in 2022, according to its head David Malpass
- Malpass, who is the head of the multilateral institution, made his sentiments known in a World Bank publication called Global Economic Prospects 2022
- The global economy has been adversely affected by shocks which include rising inflation, rising interest rates, and low growth. This has…
