World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’ – CryptoNewsTo
October 18, 2024

CryptoNewsTo

Breaking News of Crypto

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

Cryptonewsto1504 mins

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. The World Bank also cited a number of adverse developments that could push the world’s economy into a deep recession.

HTTPS://www.newsto.co.in

World Bank Report Urges Action on Climate Change, Increased Investment to Offset Adverse Economic Shocks


The World Bank, the financial organization with 174 member countries, released its Global Economic Prospects report on Tuesday. The report envisions a “sharp, long-lasting slowdown to hit developing countries hard.” The World Bank cites numerous issues plaguing the global economy, including the Covid-19 pandemic and “escalating geopolitical tensions,” as reasons why the world’s economy could spiral into a recession. The report also mentions interest rate hikes by central banks and “higher-than-expected inflation” as contributing factors to the “adverse developments.”

The World Bank’s report further detailed that inflation has dropped to some degree at the end of 2022. It also noted that skyrocketing commodity and energy prices have subsided for the time being. The World Bank warns, however, that global economies will likely still see inflation persist, and supply disruptions could stem from adversities such as the Covid-19 pandemic and the Ukraine-Russia war in Europe. If inflation persists, the World Bank warns that benchmark bank rates could continue to climb in order to curb inflationary pressures.

“Growth in advanced economies is projected to slow from 2.5% in 2022 to 0.5% in 2023. Over the past two decades, slowdowns of this scale have foreshadowed a global recession,” the World Bank’s Global Economic Prospects report details. “In the United States, growth is forecast to fall to 0.5% in 2023—1.9 percentage points below previous forecasts and the weakest performance outside of official recessions since 1970. In 2023, euro-area growth is expected at zero percent—a downward revision of 1.9 percentage points. In China, growth is projected at 4.3% in 2023—0.9 percentage point below previous forecasts.”

The report’s summary concludes that one thing that can help the global economy is by improving “long-term growth prospects by bolstering resilience to climate change.” The World Bank insists that policymakers need to “address climate change and support people affected by crises and hunger.” In order to “offset the long-term damage from the adverse shocks of the past three years,” emerging markets and developing economies will need to “substantially increase investment,” according to the World Bank’s report.

150 thoughts on “World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’”

  1. Hey there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My site looks weird when viewing from my iphone 4. I’m trying to find a template or plugin that might be able to fix this problem. If you have any recommendations, please share. Appreciate it!

  2. of course like your web site but you need to check the spelling on several of your posts. A number of them are rife with spelling problems and I in finding it very bothersome to tell the reality then again I will definitely come back again.

  3. I just could not leave your website prior to suggesting that I really enjoyed the standard information a person provide in your guests? Is going to be back often in order to check out new posts.

  4. I do love the manner in which you have framed this specific problem plus it really does provide me personally a lot of fodder for thought. Nonetheless, through just what I have observed, I only hope as the feed-back pile on that individuals remain on issue and in no way start upon a tirade of the news du jour. All the same, thank you for this outstanding piece and whilst I can not necessarily agree with the idea in totality, I regard your standpoint.

  6. I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I’ve incorporated you guys to my blogroll. I think it will improve the value of my site :).

  9. What i do not realize is if truth be told how you are not actually a lot more smartly-preferred than you might be now. You’re very intelligent. You already know thus significantly in terms of this matter, produced me in my opinion consider it from so many various angles. Its like women and men don’t seem to be involved until it is something to do with Girl gaga! Your personal stuffs great. At all times care for it up!

  11. I have read several good stuff here. Certainly price bookmarking for revisiting. I surprise how much attempt you put to make the sort of fantastic informative website.

  12. Excellent site. Plenty of useful information here. I’m sending it to some pals ans additionally sharing in delicious. And of course, thanks in your effort!

  13. I would like to thnkx for the efforts you’ve put in writing this web site. I’m hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own site now. Actually the blogging is spreading its wings fast. Your write up is a great example of it.

  15. You actually make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I will try to get the hang of it!

  16. I believe that is one of the most important information for me. And i am satisfied studying your article. But wanna remark on few normal issues, The web site style is ideal, the articles is in reality nice : D. Good job, cheers

  17. Neat blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your theme. Thanks a lot

  20. What i do not understood is actually how you’re not actually much more well-liked than you may be now. You are very intelligent. You realize thus significantly relating to this subject, made me personally consider it from numerous varied angles. Its like men and women aren’t fascinated unless it’s one thing to do with Lady gaga! Your own stuffs outstanding. Always maintain it up!

  24. Terrific paintings! That is the kind of info that are supposed to be shared across the net. Shame on the seek engines for no longer positioning this post upper! Come on over and discuss with my site . Thank you =)

  27. You really make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I’ll try to get the hang of it!

  29. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a little bit, but other than that, this is excellent blog. A great read. I’ll certainly be back.

  31. I think other web-site proprietors should take this site as an model, very clean and excellent user genial style and design, as well as the content. You’re an expert in this topic!

  32. I beloved as much as you will receive performed proper here. The comic strip is tasteful, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. in poor health indisputably come more in the past once more since exactly the similar nearly very steadily inside case you protect this increase.

  38. I have been surfing online greater than three hours today, but I never found any interesting article like yours. It is beautiful value enough for me. Personally, if all webmasters and bloggers made good content as you probably did, the net might be much more useful than ever before.

  40. Definitely believe that that you stated. Your favourite reason seemed to be at the web the simplest factor to be mindful of. I say to you, I certainly get irked even as folks consider concerns that they just don’t recognize about. You controlled to hit the nail upon the highest as smartly as defined out the whole thing without having side effect , other folks can take a signal. Will probably be back to get more. Thanks

  41. You are my inspiration, I have few web logs and sometimes run out from post :). “Analyzing humor is like dissecting a frog. Few people are interested and the frog dies of it.” by E. B. White.

  42. Thanks for sharing excellent informations. Your site is very cool. I’m impressed by the details that you?¦ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found simply the info I already searched all over the place and simply couldn’t come across. What an ideal web site.

  45. Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile Thus let me rephrase that: Thanks for lunch!

  46. What i do not realize is if truth be told how you are now not actually a lot more well-preferred than you may be right now. You are very intelligent. You already know thus significantly in terms of this subject, made me personally imagine it from a lot of varied angles. Its like women and men aren’t interested until it is something to accomplish with Girl gaga! Your personal stuffs excellent. At all times handle it up!

  47. I think other site proprietors should take this website as an model, very clean and magnificent user genial style and design, let alone the content. You are an expert in this topic!

  48. Very good written story. It will be valuable to anybody who employess it, including me. Keep up the good work – can’r wait to read more posts.

  50. Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say wonderful blog!

  53. I want to express my thanks to the writer for rescuing me from such a matter. As a result of surfing around throughout the the net and coming across ideas which were not productive, I figured my entire life was over. Existing without the approaches to the difficulties you have fixed all through your good review is a serious case, as well as the kind which could have in a wrong way affected my career if I hadn’t discovered your web blog. Your good know-how and kindness in handling every item was crucial. I don’t know what I would have done if I hadn’t discovered such a point like this. I can at this time look forward to my future. Thanks for your time very much for your reliable and effective guide. I will not hesitate to recommend your web page to anybody who will need counselling about this problem.

  56. My spouse and I absolutely love your blog and find nearly all of your post’s to be exactly what I’m looking for. Does one offer guest writers to write content to suit your needs? I wouldn’t mind writing a post or elaborating on a few of the subjects you write concerning here. Again, awesome site!

  59. I’m extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it is rare to see a nice blog like this one these days..

  63. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  64. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but instead of that, this is fantastic blog. A fantastic read. I will certainly be back.

  65. Thank you for sharing excellent informations. Your site is very cool. I am impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found just the info I already searched everywhere and just couldn’t come across. What an ideal web site.

  66. of course like your website however you need to check the spelling on quite a few of your posts. A number of them are rife with spelling problems and I to find it very bothersome to tell the truth however I will certainly come back again.

  68. My spouse and I absolutely love your blog and find a lot of your post’s to be just what I’m looking for. can you offer guest writers to write content in your case? I wouldn’t mind writing a post or elaborating on many of the subjects you write concerning here. Again, awesome web site!

  73. I’m just commenting to let you understand of the really good encounter my friend’s princess encountered using your web site. She figured out many things, which include how it is like to possess an incredible coaching mindset to get a number of people smoothly know specified complex subject areas. You really did more than people’s expected results. Thank you for offering those necessary, safe, revealing and even cool tips on the topic to Mary.

  74. I and also my buddies have already been analyzing the nice procedures on your website and all of the sudden got an awful suspicion I had not expressed respect to the web blog owner for those tips. My women came warmed to read all of them and have actually been loving them. We appreciate you turning out to be indeed thoughtful and also for obtaining this form of helpful things most people are really desirous to be informed on. My sincere apologies for not expressing appreciation to you sooner.

  77. Someone essentially help to make seriously posts I would state. This is the first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish extraordinary. Wonderful job!

  80. Great blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Appreciate it

  81. Thanks for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more clear from this post. I am very glad to see such fantastic info being shared freely out there.

  82. My husband and i were absolutely contented when John could round up his studies while using the ideas he discovered through your weblog. It’s not at all simplistic to simply continually be handing out guidelines that most people have been selling. And now we do understand we’ve got the website owner to give thanks to for that. The most important illustrations you have made, the easy site navigation, the relationships you will help to instill – it’s got many wonderful, and it’s really leading our son and our family know that this situation is awesome, which is certainly tremendously indispensable. Many thanks for all the pieces!

  84. Spot on with this write-up, I truly assume this website wants way more consideration. I’ll probably be again to learn far more, thanks for that info.

  87. Thanks for sharing excellent informations. Your web site is so cool. I am impressed by the details that you?¦ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found simply the information I already searched all over the place and just couldn’t come across. What a perfect site.

  89. Undeniably consider that that you said. Your favourite justification seemed to be at the net the simplest factor to take into accout of. I say to you, I certainly get annoyed at the same time as folks consider concerns that they just don’t realize about. You managed to hit the nail upon the top and defined out the entire thing with no need side-effects , other folks can take a signal. Will probably be again to get more. Thanks

  90. I do enjoy the manner in which you have framed this particular situation and it does present us some fodder for consideration. Nevertheless, because of everything that I have seen, I just simply trust when the responses pack on that folks remain on point and not get started on a soap box regarding the news of the day. Yet, thank you for this excellent point and though I can not concur with this in totality, I value the standpoint.

  92. I have been surfing on-line greater than 3 hours nowadays, but I by no means discovered any fascinating article like yours. It is beautiful value enough for me. In my view, if all webmasters and bloggers made good content as you probably did, the internet can be a lot more useful than ever before.

  94. Thank you for every other magnificent article. Where else may just anybody get that type of info in such a perfect manner of writing? I have a presentation next week, and I’m on the search for such information.

  95. Pretty nice post. I just stumbled upon your blog and wanted to mention that I’ve really loved surfing around your blog posts. In any case I’ll be subscribing for your rss feed and I am hoping you write again very soon!

  96. I beloved up to you will obtain performed right here. The comic strip is attractive, your authored subject matter stylish. however, you command get bought an shakiness over that you wish be turning in the following. unwell indubitably come further earlier again since precisely the same just about very often within case you protect this increase.

  99. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  102. I would like to thank you for the efforts you have put in writing this site. I’m hoping the same high-grade web site post from you in the upcoming also. In fact your creative writing abilities has encouraged me to get my own web site now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  104. Thank you, I’ve just been searching for info approximately this topic for a long time and yours is the greatest I’ve came upon so far. But, what concerning the bottom line? Are you positive concerning the source?

  106. I’m really impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one these days..

  108. Thank you for another fantastic post. Where else could anybody get that kind of info in such an ideal way of writing? I have a presentation next week, and I’m on the look for such info.

  109. I haven?¦t checked in here for a while as I thought it was getting boring, but the last few posts are good quality so I guess I?¦ll add you back to my daily bloglist. You deserve it my friend 🙂

  110. Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Wonderful. I am also a specialist in this topic therefore I can understand your hard work.

  112. I have recently started a website, the information you offer on this site has helped me tremendously. Thank you for all of your time & work.

  114. I’ll immediately take hold of your rss as I can not find your email subscription hyperlink or newsletter service. Do you’ve any? Please allow me realize so that I may subscribe. Thanks.

  115. I will right away snatch your rss as I can not in finding your e-mail subscription hyperlink or e-newsletter service. Do you have any? Kindly permit me know so that I could subscribe. Thanks.

  116. I’m commenting to make you know what a outstanding discovery our daughter enjoyed reading your web site. She discovered such a lot of things, which include what it is like to possess an amazing coaching heart to get other people just thoroughly grasp some multifaceted things. You really surpassed people’s expected results. Many thanks for presenting such productive, trusted, revealing and cool guidance on the topic to Ethel.

  117. I conceive this web site holds some rattling wonderful info for everyone. “Good advice is always certain to be ignored, but that’s no reason not to give it.” by Agatha Christie.

  118. Utterly pent articles, thanks for information. “Life is God’s novel. Let him write it.” by Isaac Bashevis Singer.

  119. Whats up very nice web site!! Guy .. Beautiful .. Wonderful .. I will bookmark your site and take the feeds also?KI’m happy to search out numerous useful info here within the post, we’d like develop more strategies in this regard, thank you for sharing. . . . . .

  120. What i don’t realize is if truth be told how you are no longer really much more neatly-liked than you might be now. You are very intelligent. You recognize thus considerably relating to this matter, made me personally imagine it from numerous various angles. Its like women and men are not fascinated until it is one thing to do with Lady gaga! Your individual stuffs outstanding. At all times care for it up!

  121. This is very interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your excellent post. Also, I have shared your site in my social networks!

  122. What’s Happening i am new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I hope to contribute & assist other users like its aided me. Great job.

  123. Hello, Neat post. There is a problem together with your web site in internet explorer, may test this?K IE still is the market chief and a good component to other people will leave out your great writing due to this problem.

  124. F*ckin’ tremendous things here. I’m very glad to peer your article. Thanks so much and i’m having a look forward to contact you. Will you kindly drop me a mail?

  125. Thanks for the sensible critique. Me & my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more clear from this post. I’m very glad to see such excellent information being shared freely out there.

  126. I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  127. Great V I should definitely pronounce, impressed with your website. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Excellent task..

  129. It’s actually a cool and helpful piece of information. I’m glad that you shared this helpful information with us. Please keep us informed like this. Thanks for sharing.

  130. Hey there I am so thrilled I found your website, I really found you by accident, while I was searching on Google for something else, Regardless I am here now and would just like to say thank you for a remarkable post and a all round interesting blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the fantastic job.

  131. I as well as my guys were found to be looking at the great procedures found on your site and so the sudden got an awful suspicion I had not thanked the site owner for those secrets. Those men came so passionate to learn all of them and already have without a doubt been taking advantage of those things. We appreciate you genuinely simply thoughtful and also for going for such marvelous ideas most people are really needing to be aware of. Our own sincere apologies for not expressing gratitude to sooner.

  134. Good day! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a extraordinary job!

  135. Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.

  137. With havin so much written content do you ever run into any problems of plagorism or copyright violation? My website has a lot of unique content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my authorization. Do you know any techniques to help prevent content from being stolen? I’d really appreciate it.

  142. Greetings from California! I’m bored to tears at work so I decided to check out your blog on my iphone during lunch break. I enjoy the knowledge you provide here and can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyways, great blog!

  143. Hiya, I am really glad I have found this info. Nowadays bloggers publish just about gossips and web and this is really irritating. A good web site with interesting content, this is what I need. Thanks for keeping this site, I will be visiting it. Do you do newsletters? Cant find it.

  145. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but instead of that, this is excellent blog. A fantastic read. I’ll certainly be back.

  146. you are really a good webmaster. The site loading speed is amazing. It seems that you are doing any unique trick. Also, The contents are masterwork. you’ve done a magnificent job on this topic!

  147. Just wish to say your article is as astonishing. The clearness in your post is just great and i could assume you’re an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

  148. hello!,I really like your writing so a lot! share we keep in touch more about your article on AOL? I require an expert on this area to solve my problem. Maybe that is you! Taking a look ahead to see you.

  150. I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.

Comments are closed.

Related News