AMMAN Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report.Global growth is projected to decelerate from 3.1 per cent in 2022 to 2.1 per cent in 2023, according to a World Bank Group
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Download logoGlobal growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid