World Bank Issues Dire Forecast For Global Economy: ‘Precarious Footing’

Global economic expansion will slow significantly in 2023 and 2024, according to a World Bank report released on Tuesday. “The global economy is in a precarious situation.” Said Indermit Gill, Chief Economist and Senior Vice President of the World Bank Group, said: The agency expects global growth to slow from 3.1% in 2022 to 2.1% […]