World Bank on Global Economy : The World Bank has said that due to the decline in the growth rate of all major and leading economies America, Europe and China, the global economy will remain close to recession in the current year. The World Bank said in its annual report that it has reduced the global growth rate for 2023 to 1.7 per cent from the earlier 3 per cent.
The World Bank has released this report on Tuesday. If this prediction of the World Bank turns out to be true, then this will be the third time in three decades when the economic growth will be the weakest. Earlier, due to the Global Financial Crisis in 2008, due to the Corona epidemic in 2020, there was a big decline in the global growth rate. According to the report, America can avoid recession this year. But the growth rate of America is estimated to be only 0.5 percent
