World Bank warns global economy faces grim outlook

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The bank predicts a “pronounced slowdown”, with global economic growth falling to 4.1% this year. …

“Widening disparities within and between countries will not only make it more difficult to control Covid-19 and its variants, but will also risk stalling, if not reversing, joint action against shared threats that the world cannot afford to overlook,” the WEF said in its annual global risks report on Tuesday.

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