"Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession."

This publication was prepared by the World Bank in English language. Click here to access its full version.

Source: World Bank

Illustration: Bill Pragluski (Critical Stages)