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Global Economy on Precarious Footing Amid High Interest Rates

Global Economy on Precarious Footing Amid High Interest Rates

WASHINGTON DC, June 12, 2023 – Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China, growth is set to slow to 2.9% this year from 4.1% last year. These forecasts reflect broad-based downgrades.

Read More at World Bank

About Susan Mckenzie

Susan has been providing administration and consultation services on various businesses for several years. She graduated from Western Washington University with a bachelor degree in International Business. She is now a Vice-President, Global Administration at World Certification Institute - WCI. She has a passion for learning and personal / professional development. Love doing yoga to keep fit and stay healthy.
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