Tag: World Bank
World Bank official says war-driven oil price hikes to slash growth...
A World Bank official highlights how Russia's invasion of Ukraine could reduce growth by a full percentage point for countries like China, Indonesia, South Africa, and Turkey. The war exacerbates existing economic challenges from the COVID-19 pandemic, including debt and inflation uncertainties.
World Bank lowers Malaysia GDP growth due to pandemic.
The World Bank has lowered Malaysia's GDP growth projection to 4.5% in 2021, down from the previous 6%, citing concerns about COVID-19 resurgence, healthcare system strain, and economic disruptions caused by repeated lockdowns and business closures.
