(ANSA) - NEW YORK, JUNE 07 - World growth slows down and the risks of stagflation increase amid the damage caused by Covid and the invasion of Ukraine by Russia.
This was stated by the World Bank, underlining that the global economy is entering a period of protracted weakness in growth and high inflation.
After + 5.7% in 2021, world GDP is expected to grow this year by 2.9%, definitely less than the 4.1% expected in January.
"For many countries, the recession will be difficult to avoid," notes World Bank President DavidMalpass, pointing out that it is urgent to avoid trade restrictions.
(HANDLE).
