Given the global economic conditions over the past few months, the expectations from the world economy to perform better in the near future seems quite low. Many prestigious international organizations have expressed concerns for the economic slowdown. The World Bank recently came up with the “Global Economic Prospects” highlighting multiple factors affecting the growth.
The World Bank’s report explains increasing inflation, interest rates, decreasing investments and all of this amidst the Russia-Ukraine war resulted in the potential slowing of global growth.
Clearly, the situation is already at the brink of becoming worse and could easily capitulate in case any major mishap occurs. The international financial institution also cited the possibility of the global economy pushed into recession given any new “adverse development.”
If inflation goes higher than expected, interest rates – used by central banks to control inflation – will be increased; the geopolitical situ
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