Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020. Growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak.
The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy.
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Top stories today ..wage, UK inflation, beans-gate, EU CPI, Shell & Hong Kong. #TheLondonRush. #FromFrancinesDesk pic.twitter.com/7WfcxOdvN7 — Francine Lacqua (@flacqua) July 1, 2022
Top stories today ..wage, UK inflation, beans-gate, EU CPI, Shell & Hong Kong. #TheLondonRush. #FromFrancinesDesk pic.twitter.com/7WfcxOdvN7