"New adverse shocks" could push the global economy into recession. Small countries like the Republic of Moldova - the most vulnerable
The World Bank is concerned that "new adverse shocks" could push the global economy into recession this year, with small countries particularly vulnerable. According to the Bloomberg agency, the warning is included in the biannual "Global Economic Outlook" report, which is to be released next week.
According to the report, the growth of the world economy this year would slow down significantly, the reason being the invasion of Ukraine by Russia. The World Bank insists that it is essential that authorities in energy and developing countries ensure that any fiscal support is focused on vulnerable groups, that inflationary expectations remain firmly anchored and that the financial system remains resilient. Similar requests have been made by central bank governors around the world. In this context, the managing director of the International Monetary Fund began 2023 by warning that the world faces a difficult year, more difficult than the one we left behind.
