World Bank slashes global growth forecast and warns about growing inequality

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World Bank slashed its global growth forecast for 2022 and 2023 and cautioned a rise in inflation, debt and income inequality.

The projections follow a strong rebound in global growth as demand soared after Covid-related lockdowns lifted.

It added that a resurgence in Covid infections, due to the highly contagious omicron variant, will likely disrupt economic activity in the near term and could worsen growth projections if it persists.


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