Back to the 1970s: The World Bank warns of weak growth and high inflation
The global economy is facing a prolonged period of weak growth and high inflation reminiscent of the 1970s, as the impact of a two-year pandemic is exacerbated by Russia’s invasion of Ukraine. the World Bank has warned. In its half-yearly economic health check, the Washington-based Bank said the echoes of the stagnation of four decades …
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