World Bank (WB) ( Illustration:VNA) |
Real global gross domestic product (GDP) will climb 2.1 percent this year, the World Bank said in its latest Global Economic Prospects report on Tuesday.
That’s up from a 1.7 percent forecast issued in January, but well below the 2022 growth rate of 3.1 percent.
The report noted that global economic growth from now to the end of the year will slow down significantly due to the prolonged effect of tight monetary policy and limited credit.