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2008 Financial Crisis, Again? Skies darkening over global economy, says World Bank

International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures, it said. The World Bank said growth among advanced economies is forecast to drop to two per cent this year. Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on the outlook for emerging market and developing economies.

Nigeria, 73 others missing out on global recovery – W'Bank

Nigeria, 73 others missing out on global recovery – W’Bank The Punch Published 15 July 2021 World Bank experts have said Nigeria and 73 other countries that are eligible to borrow from the World Bank’s International Development Association are yet to experience global recovery. The statement was made by World Bank Group’s Vice President of Equitable Growth, Finance and Institutions, Indermit Gill, and Vice President of Development Finance, Akihiko Nishio, in a report published on the bank’s blog on Thursday. The report was titled ‘The global recovery is bypassing the poorest countries’. According to the report, the world is experiencing economic recovery from the devastating effects of the COVID-19 pandemic, which is considered the strongest post-recession rebound in 80 years.

General Atlantic Forms BeyondNetZero to Invest in Growth Companies Delivering Innovative Climate Solutions

Lack of vision aggravated pandemic impact - ARAB TIMES

World Bank Group (via Public) / MENA Tech: A New Social Contract in the Era of Digital Transformation in MENA