World Bank forecasts reveal that global growth will slow sharply in 2023.

On Tuesday, January 10, 2023, the international institution announced that global growth is expected to fall by 1.7% in 2023, compared to 3% last June due to persistent inflation, rising rates and the effects of la guerre en Ukraine . Its growth forecasts are low, for almost all developed countries and nearly 70% of emerging and developing countries.

World Bank President David Malpass said he was “worried about the risk of the slowdown continuing. According to our estimates, global growth between 2020 and 2024 will be less than 2%. This is the lowest growth over five years since 1960.” He expects only a moderate global recovery in 2024 (+2.7%).