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World Bank cuts global growth prospects to 1.7% in 2023

World Bank cuts global growth prospects to 1.7% in 2023 World Bank cuts global growth prospects to 1.7% in 2023

The world Bank today reduced its growth prospects for the global economy to 1.7% in 2023 -below the 3% forecast six months ago- and 2.7% for 2024. According to the international body, global growth “is slowing dramatically” due to high inflation, higher interest rates, reduced investment and disruptions caused by the Russian invasion of Ukraine. […]

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