World Bank's Malpass says war in Ukraine may trigger global recession

Summary by Ground News

World Bank president David Malpass: "The idea of energy prices doubling is enough to trigger a recession by itself." The World Bank last month cut its global growth forecast for 2022 by almost a full percentage point. Malpass said Chinese officials' lockdowns in key industrial hubs such as Shanghai had added to the global uncertainty.

1 month ago·Washington, United States

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BBC News

Ukraine war: World Bank boss warns over global recession

David Malpass also said coronavirus lockdowns in China are contributing to a global slowdown.

1 month ago·United Kingdom

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Reuters

World Bank's Malpass says war in Ukraine may trigger global recession

World Bank President David Malpass on Wednesday suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession.

1 month ago·United Kingdom

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News18 India

Russia Ukraine Conflict Could Cause Global Recession, Says World Bank Chief

David Malpass, chief of the World Bank. has warned that Russia's ongoing invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.

1 month ago·India

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CTV News

World Bank's Malpass says war in Ukraine may trigger global recession

1 month ago·Toronto, Canada

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Hindustan Times

War in Ukraine may trigger global recession, says World Bank chief: Report

Last month the World Bank reduced 2022 global growth forecasts from 4.1 per cent to 3.2 per cent - due to the impact of Russia's war on Ukraine.

1 month ago·New Delhi, India

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RTÉ

World Bank says war in Ukraine may trigger recession

World Bank President David Malpass has suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession.

1 month ago·Ireland

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