World Bank Experts promised the global economy with a gloomy future, since the consequences of the COVID-19 pandemic continue to adversely affect the recovery, especially in poor countries. It is reported by BBC.
According to analysts estimates, in 2022, global GDP growth will slow down to 4.1 percent, in 2023 to 3.2 percent. Such a tendency is explained by the threat of a large-scale propagation of coronavirus, growing inflation and coagulation of government support programs.
The driving force of the global recession is China, where growth rates are expected to drop to 8 to 5.1 percent, and the USA, where an increase of 3.7 percent is predicted in this year compared to 5.6 percent in 2021. . In the eurozone, growth will slow down from 5.2 to 4.2 percent, forecasts the World Bank.