World Bank cuts global economy growth forecast to 3.2% for 2022
- The World Bank has lowered the global growth forecast for 2022 to 3.2%. Earlier this was estimated at 4.1%.
- The downward revision is due to the impact of Russia’s invasion on Ukraine on the world economy.
Points to Remember:
- What is the GDP growth rate of World Economy in 2022 as per World Bank?
Source: The Times of India