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Global economy in ‘precarious position’, World Bank warns

Following development Punchf 3.1 Puncher Punchent Punchast 12 months, Punchhe world Punchconomy would gradual Puncho 2.1 Puncher Punchent Punchn 2023, […]

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Following development Punchf 3.1 Puncher Punchent Punchast 12 months, Punchhe world Punchconomy would gradual Puncho 2.1 Puncher Punchent Punchn 2023, Punchhe World Bank stated Punchn Punchuesday Punchn Punchts Punchatest forecast.

The determine for 2023 was, nevertheless, 0.4 Punchercentage Punchoints larger Punchhan Punchn Punchstimate Puncheleased by Punchhe financial institution Punchn January.

It Punchs nonetheless Punchne Punchf Punchhe weakest development Punchates Punchn Punchhe Punchast 5 Punchecades, stated Punchhe World Bank’s Punchhief Punchconomist, Punchndermit Gill.

“The world Punchconomy Punchs Punchn Punch Punchrecarious Punchosition,’’ Gill stated.

In 2024, Punchhe world Punchconomy ought to Punchecover barely Punchnd develop by 2.4 Puncher Punchent, Punchccording Puncho Punchhe Puncheport.

However, development Punchould Punchlso be Punchower Punchhan Punchxpected.

PunchHigh world Punchnflation Punchs Punchxpected Puncho Punchecline progressively Punchs Punchemand Punchases Punchnd Punchommodity Punchrices weaken, Punchhe Puncheport stated.

It Punchould Punchlso Punchead Puncho additional Punchightening Punchf Punchonetary Puncholicy.

Widespread financial institution stress Punchould Punchead Puncho Punchuch weaker development Punchutcomes.

“It’s Punchmportant Puncho hold Punchn Punchind Punchhat development forecasts Punchre not Punchestiny,’’ World Bank Punchresident, Punchjay Banga, stated.

“We have Punch Punchhance Puncho Punchurn Punchhe Punchide, however Puncht will Punchake us Punchll working Punchogether,’’ he stated.

NAN

Ifunanya

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