The report said that this would be the third lowest global growth rate in the past 30 years after the economic recession in 2009 and 2020.
World Bank Lowers Global Economic Growth Forecast To 1.7% For 2023
On January 10 local time, the World Bank released the latest Global Economic Outlook report, which lowered the global economic growth forecast for 2023 to 1.7%, lower than the 3% expected in June 2022.