COVID-19 variants, rising debt, threaten global economic growth: World Bank

Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.

Read the full article at:

https://news.un.org/feed/view/en/story/2022/01/1109582

World Bank: sharp, long-lasting slowdown to hit developing countries hard

10 Jan 2023

Growth in emerging market and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report.

Coronavirus: World Bank confirms deepest recession since World War Two

08 Jun 2020

The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank said Monday in its latest Global Economic Prospects report.

Crash in family incomes during COVID will increase inequality for generations

09 Mar 2022

At least two-thirds of households with children have lost income since the COVID-19 pandemic hit two years ago, according to a joint report published on Wednesday by the UN children’s agency (UNICEF) and World Bank.