Global Economic Prospects: Slowing Growth and the Risk of Stagflation | World Bank Expert Answers
The war in Ukraine has compounded the damage left by the COVID-19 pandemic and magnified the slowdown in the global economy. The risk of stagflation is increasing with potentially harmful consequences for middle and low-income economies alike. So what do the next few months have in store for the global growth? The latest edition of the Global Economic Prospects projects global growth will slump from 5.7 percent in 2021 to 2.9 percent in 2022. To help us learn more, Director of the World Bank’s Prospects Group, Ayhan Kose joins Expert Answers to discuss.
