Global Economic Prospects Report
The Global Economic Prospects report released by the World Bank provides an analysis of the global economy. The report highlights the global economic outlook, addressing such issues as the impact of the COVID-19 pandemic, rising inflation, and the Russian-Ukraine war on global growth. Despite the grim outlook, the report highlights several promising signs for the future. World Bank's Global Economic Prospects report The World Bank's latest Global Economic Prospects report warns that the world economy is entering a period of "feble growth" and elevated inflation. China and India are set to be the two fastest-growing major economies by 2022, according to the report. Meanwhile, the Middle East and North Africa are expected to experience moderate growth, thanks to the rising prices of oil. Russia's invasion of Ukraine is also affecting global trade and commodity prices, as well as inflation and interest rates. The war in Ukraine is also adding to food insecurity...