An Increasingly Bleak Outlook – For the World Bank, the World Is Heading Straight for Stagflation.
Not much to be optimistic about in the coming months.
The head of the World Bank had already prepared the ground for this announcement of bad figures for the rest of 2022 by indicating that he saw at least 5 reasons why the world would not escape from recession in the coming months.
The numbers came out yesterday and the outlook is far from rosy.
In its new forecasts published on June 7, 2022, the World Bank…
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