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World Bank says war in Ukraine may trigger recession

World Bank President David Malpass has suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession.
Business • 26 May 22

World Bank warns of uneven global recovery

Fueled by widespread Covid-19 vaccinations in advanced nations, the world economic recovery has picked up speed, but the upbeat outlook obscures a worrying picture in poor nations, the World Bank said today.
Business • 08 Jun 21

Pandemic could push 115 million into extreme poverty

As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank has warned.
Business • 08 Oct 20

Trump nominates top US diplomat to lead World Bank

US President Donald Trump has said that the World Bank Group should be led by US Treasury official David Malpass.
World • 06 Feb 19

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