Source link : https://earth-news.info/general/global-economy-braces-for-its-weakest-decade-in-half-a-century-warns-experts/
The World Bank has issued a stark warning that the global economy is heading toward its weakest decade in half a century, raising alarms about prolonged stagnation and heightened risks for developing and developed nations alike. In its latest assessment, the international financial institution highlights a convergence of challenges – from persistent inflation and geopolitical tensions to sluggish growth and rising debt burdens – that threaten to undermine global economic stability throughout the 2020s. As policymakers grapple with these mounting pressures, the World Bank’s forecast underscores the urgent need for coordinated action to avert a protracted period of economic underperformance.
World Bank Signals Alarming Economic Slowdown Amidst Rising Global Challenges
The World Bank has issued a stark warning about the trajectory of the global economy, highlighting that it is on track to record its most sluggish performance in half a century. Heightened geopolitical tensions, persistent supply chain disruptions, and escalating commodity prices are among the primary factors fueling this downturn. Analysts emphasize that without coordinated policy responses, the world risks a protracted period of subdued growth, exacerbating inequalities and impeding development efforts across emerging markets.
Key challenges undermining economic resilience include:
- Energy price volatility: Triggering inflationary pressures globally.
- Debt vulnerabilities: Rising public…
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Author : earthnews
Publish date : 2025-06-15 09:51:00
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