The World Bank (WB) has warned the public that the world economy is expected to slump this year. The WB’s “June Global Economic Prospects” report revealed that global growth is expected to fall from 5.7 percent in 2021 to 2.9 percent in 2022, which is significantly lower than the 4.1 percent anticipated in January.“Compounding the damage from the [Wuhan coronavirus] COVID-19 pandemic, the Russian-Ukraine conflict has magnified the slowdown in the economy. This raises the risk of stagflation, with potentially harmful consequences for middle- and low-income economies alike,” the report stated.
The press release noted that several years of above-average inflation and below-average growth are now likely. It included that growth in advanced economies will fall from 5.1 to 2.6 percent this year, while in emerging and developing countries, which is considered more vulnerable, it is expected to plummet from 6.6 to 3.4 percent.
“For many countries, recession will be hard to avoid,” WB President David Malpass
☝️ I had reported that BLACKROCK has issued warnings to all it’s investors the same message..>Blaming Russia.>The COVID…
..the time of stealing all the MARKETS money is finally on the breach… They can’t hide the FAKE false market reports any more… The world economy has been tanking since last year October… But they managed to hide the data and kept stealing money to the end….
CABLES;: BILLIONAIRE’S who lost their money in BLACKROCK VANGUARD have the REAL financial report that was leaked
They are coming together 😉