Tue, 21-Oct-2025

World Bank reduces economic prediction as global crisis is predicted

World Bank

The world economy is perilously close to entering a recession. It projects that the global economy will expand by just 1.7% this year. The effects of increasing interest rates are seen as the main obstacle facing policymakers. According to the most recent World Bank prediction, the world economy is “perilously close to entering a recession.” … Read more

WORLDBANK ECONOMY CONFLICT DEBT UKRAINE POLAND

According to World Bank President David Malpass, Russia’s assault on Ukraine has kicked off a chain reaction in the global economy, raising energy and food prices, compounding debt issues, and potentially worsening poverty and famine.   In the face of these “overlapping crises,” the head of the development bank encouraged advanced countries to maintain markets … Read more