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  • World Bank's president Malpass: Incoming high-frequency data points to slowing momentum in global activity, amid persistent supply chain bottlenecks and COVID-19 surges
Ekonomické zprávy
11.10.2021

World Bank's president Malpass: Incoming high-frequency data points to slowing momentum in global activity, amid persistent supply chain bottlenecks and COVID-19 surges

  • Says World Bank is forecasting global growth of 5.7% in 2021 and 4.4% in 2022
  • Disparities between advanced economies and developing countries are worsening
  • Outlook is challenging for much of developing world, with lagging vaccination rates rising, inflation, limited policy support, too few jobs, and shortages that extend to food, water and electricity
  • Inequality is increasing dramatically, with per capita income in advanced economies expected to grow nearly 5% in 2021, but only 0.5% in low-income countries
  • We’re witnessing what I call tragic reversals in development across many dimensions
  • Progress in reducing extreme poverty has been set back by years, for some by a decade
  • Hopes to raise $100 billion in donations for poorer countries to address “tragic reversals in development” caused by the COVID-19 pandemic

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