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Montevideo, January 19th 2022 - 11:21 UTC

 

 

World economy is facing Covid-19, inflation and policy uncertainty, Global Economic Prospects

Thursday, January 13th 2022 - 09:48 UTC
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Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to decelerate markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world. Read full article

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