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Sharp slowdown in economic growth could be widespread- World Bank

11 January 2023 10:40 (UTC +04:00)

Global growth is slowing sharply, with worldwide economic output projected to be just 1.7% in 2023, according to the latest analysis from the World Bank Group, APA reports citing the official website of the World Bank.

World Bank economists are warning that the downturn would be widespread and any adverse developments risk pushing the global economy into recession. Slowing growth affects 95% of advanced economies and nearly 70% of emerging markets and developing economies - with the potential for increasing poverty rates in some regions. To help us learn more, Director of the World Bank’s Prospects Group, Ayhan Kose joins Expert Answers to discuss.