▶️ World Bank warns of uncertain outlook and subdued growth in global economy https://t.co/rLEEzJd2iJ pic.twitter.com/ncLJDKQJyv
— FRANCE 24 English (@France24_en) January 5, 2021
The @WorldBank has revised its global economic forecasts for the 2020s reflecting worsening #COVID19 #pandemic. Before COVID the Bank projected world econ growth of 2.1%/year to 2029. Now, only 1.9%, w/worst shrinkage in the richest countries, led by USA.https://t.co/4v7oIlJ3k6
— Laurie Garrett (@Laurie_Garrett) January 5, 2021
"If history is any guide, unless there is substantial reform, we think the global economy is headed for a decade of disappointing growth outcomes." https://t.co/BudqOZo5Hl
— Jesse Felder (@jessefelder) January 5, 2021
More countries will soon face serious debt problems and likely defaults this year if swift action is not taken, World Bank president David Malpass said, calling for debt restructurings and a focus on inequality and investment in the "post-COVID economy."https://t.co/7HMx60c0KA
— Axios (@axios) January 6, 2021
Covid pandemic could bring 'a lost decade' of economic growth, World Bank says https://t.co/PJolziGAjQ
— CNBC (@CNBC) January 6, 2021
World Bank expects lost decade of economic growth.
— Khosro Kalbasi (@KhosroKalbasi) January 6, 2021
Uncertainties, weak growth expectations may discourage companies from making new investments + persistent unemployment, worldwide school closures will result in a loss of knowledge and skills.https://t.co/TNIGxcHppD