By Andrea Shalal3 Min ReadWASHINGTON( Reuters)-World Bank President David Malpass on Monday said

He gave no specific forecast.He said the economies of Ukraine and Russia were both expected to see a significant contraction, while Europe, China and the United States were seeing slower growth. Developing countries were being hit even harder given shortfalls of fertilizer and food stocks and energy supplies, he said." The idea of energy prices doubling is enough to trigger a recession by itself," he said.In China, he said the relatively sharp slowdown in growth was based on the COVID-19 pandemi

WASHINGTON( Reuters)-World Bank President David Malpass said on Monday that a law firm's

World Bank President David Malpass told Zelenskiy in Munich on Feb.... lang= encountrycode_exact

been rising in the world, Malpass said in response to a question.I'm giving the general mixed view

-19 pandemic, and called for urgent efforts to reduce debt levels. World Bank president David Malpass told

increase in overall financing demand from developing countries. World Bank President David Malpass

They've been borrowing very heavily from the global capital markets, which leaves less for other countries," he said.... " That can be improved.".....

WASHINGTON: The global economy risks falling into a harmful period of 1970s-style “ stagflation, ” sparked chiefly by Russia’s invasion of Ukraine, the World Bank warned on Tuesday as it slashed its annual growth forecast. The toxic combination of weak growth and rising prices could trigger widespread suffering in dozens of poorer countries still struggling to recover from the upheaval of the Covid-19 pandemic. The stark forecast came as the international development lender cut its global growth

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release." The global recovery is set to decelerate markedly amid continued Covid-19 flare-ups, diminished policy support, and lingering supply bottlenecks," the semiannual report added on Tuesday. The global outlook is" clouded by various downside risks," including renewed Covid-19 outbreaks due to new virus varian