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World Bank predicts slowest global growth since 2008 financial crisis in 2023

The World Bank predicts that global growth will slow to the slowest level since the 2008 financial crisis in 2023 due to higher interest rates, inflation and tighter lending conditions.

“The global economy is in a precarious position,” said Indermit Gill, Chief Economist and Senior Vice President of the World Bank Group.

2023-06-07 08:53:17
#world #economy #approaching #level #financial #crisis

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