World Bank Pres. Malpass – pressing danger is a sharp slowdown in growth, global recession

World Bank president Malpass

  • It may take years for global energy production to diversify away from Russia, prolonging risk of stagflation
  • Pressing danger for developing world is that sharp slowdown in global growth deepens into global recession
  • Increased likelihood of recession in Europe

I can’t see anything controversial or even new in those remarks.

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