World Bank warns of 'lost decade' in global growth without bold policy shifts

Global growth to hit three-decade low: World Bank

Tue, 2023-03-28 14:22 RIYADH: The global economy is set for a “lost decade” according to the World Bank as it forecasts that economic growth is set to hit a 30-year low. A report from the organization warns average global domestic product growth will drop to 2.2 percent a year between 2022 and 2030 – down from the 3.5 percent rate that prevailed in the first decade of this century. According to its latest forecast, the decline for developin…

Global economic growth: World Bank warns of a “lost decade”

Pandemie, Ukrainekrieg – und jetzt eine Bankenkrise? Laut der Weltbank wird sich das weltweite Wachstum auf lange Zeit abschwächen.

World Bank warns of ‘lost decade’ for the global economy

The pandemic and Russia’s war in Ukraine could lead to a “lost decade” that would mean more poverty and fewer resources to combat climate change, the World Bank says.

World Bank warns of ‘lost decade’ for global economic potential

The warning has come amid concerns around economies impacted by COVID, weak public health systems and Russia-Ukraine crisis.

World Bank warns of ‘lost decade’ in global growth

GDP expansion is estimated to decline to 2.2pc annually.

Global growth to see 30-year low by 2030: World Bank

Average potential global economic growth will slump to a three-decade low of 2.2 percent per year through 2030, the World Bank warns.