On the eve of the start of the spring assemblies of the International Monetary Fund (IMF) and the World Bank, the latter's president, the American David Malpass, announced a further downward revision of the global growth in 2022. In January, the Washington institution predicted global GDP growth of 4.1% this year.
David Malpass subtracts almost a point and now expects 3.2%.
The IMF must in turn, on Tuesday, publish its latest forecasts, also lowered, as its managing director, Kristalina Georgieva, warned last week.
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The world is facing three main crises which overlap and interact, the head of the World Bank explained on Monday: the ongoing Covid-19 pandemic, inflation which resurfaced with the rebound of the world economy in 2021 and Russia's invasion of Ukraine.
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