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Opening Remarks by World Bank Group President David Malpass during the Launch of the January 2022 Global Economic Prospects Report

· David Malpass, President of the World Bank Group (International)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt, growth, investment and productivity

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· David Malpass Wiki · World Bank Group WikiOpening Remarks by World Bank Group President David Malpass during the Launch of the January 2022 Global Economic Prospects Report

ContextOpening Remarks by World Bank Group President David Malpass during the Launch of the January 2022 Global Economic Prospects Report.

Why it mattersMalpass lowers growth forecasts as inflation risks rise.

Problems raised
  1. COVID still takes a toll.
  2. Global growth is slowing.
  3. Inflation risk is rising.
Solutions proposed
  1. Lower growth forecasts.
  2. Include collective action clauses.
  3. Address debt issues.
Read full speech on worldbank.org ↗

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