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World Bank cuts 2022 global growth forecast on virus flare-ups

January 12, 2022 9:11 AM

WASHINGTON (BLOOMBERG) – Covid-19 flare-ups, diminished policy support, and lingering supply-chain bottlenecks will see the global economic recovery cool more than previously estimated in 2022, after last year’s expansion clocked the fastest post-recession pace in eight decades, the World Bank said.

Source : https://www.straitstimes.com/business/economy/world-bank-cuts-2022-global-growth-forecast-on-virus-flare-ups

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