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World Bank chief Malpass predicted low economic growth rates in 2023-2024

21:24, Sunday, 22 January, 2023
World Bank chief Malpass predicted low economic growth rates in 2023-2024

Slow global economic growth will continue in 2023 and 2024. In an interview with the British TV channel Sky News about this declaration World Bank President David Malpass.

“It is difficult to expect a strong global economic recovery in the next two years,” said Malpass.

According to him, we can only talk about a long-term slowdown period associated with continued high inflation and lack of investment.

He added that it is very important to establish economic policies correctly for countries that are now reducing their spending.

17 January International Monetary Fund (IMF) Director-General Kristalina Georgieva during the World Economic Forum in Davos given Evaluation of the slowdown in global economic growth this year. “The rate will drop to 2.7 percent,” he said.

Referring to WEF analysts and economists at Davos before this, Bloomberg reported that in 2023, the global economy could face the risks of high inflation, geopolitical conflicts and macroeconomic instability.

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