Near the World Bank. Malpass – the pressing danger is a sharp slowdown in growth, global recession

Malpass, President of the World Bank

  • It may take years for global energy production to diversify away from Russia, prolonging the risk of stagflation
  • The pressing danger for the developing world is that the sharp slowdown in global growth will deepen into a global recession.
  • Increased probability of recession in Europe

I see nothing controversial or even new in these remarks.


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