World Bank Cuts Global Growth Forecast Due to COVID-19 Case Surge, Supply Chain Disruptions

Covid-19 flare-ups, diminished policy support, and lingering supply-chain bottlenecks will see the global economic recovery cool more than previously estimated in 2022, after last year’s expansion clocked the fastest post-recession pace in eight decades, the World Bank said.

Global gross domestic product will probably increase 4.1% this year, less than a 4.3% forecast in June, the W…

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