生活广角

Global economy 'dangerously close' to a recession: World Bank_我的网站

A | 聚焦县域动态，关注县域发展，来看本期的郡县热点：安全生产治本攻坚三年行动共排查重大隐患8.1万项绿色超级充电宝！在湖北创造了3项世界纪录2024“食博会·预博会”在东莞成功举办西渝高铁康渝段首个连续梁顺利完工2023-2024雪季吉林多项旅游数据创新高江苏高邮：光储充产业实现开票销售321.5亿元贵州麻江：以小蓝莓撬动大产业马鞍山雨山：大力宣传见义勇为引领社会正气新风松花江全线进入开江期青海果洛：首次影像记录到罕见白色马麝更多精彩，点击图片进入“小康视频”　　《郡县联播》由《小康》全力打造，是国内首档全面聚焦中国县域发展的新闻视频节目。 Washington, Oct 14 (UNI) The global economy is "dangerously close" to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said.

"We've lowered our 2023 growth forecast from 3 per cent to 1.9 per cent for the global growth, that's dangerously close to a world recession," Malpass on Thursday said at a press conference during the IMF and World Bank annual meetings.

"All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flow to developing world hit the poor hard," he said, highlighting the buildup of debt for developing countries.

"That's a world recessions could happen under certain circumstances," Malpass said.

In a study published in mid-September, the World Bank warned that as central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023, with a growth forecast of only 0.5 per cent.

The World Bank chief noted at the press conference that world population growth is estimated at 1.1 per cent per year. "So if you get much slower in terms of world growth, that means people are going backward," Malpass said in response to a question from Xinhua.

Citing a recent World Bank report, Malpass said that Covid-19 pandemic dealt the biggest setback to global poverty-reduction efforts since 1990, pushing about 70 million people into extreme poverty in 2020, and the war in Ukraine threatens to make matters worse.

According to the Poverty and Shared Prosperity Report, global median income declined by 4 per cent in 2020, the first decline since its measurements of median income began in 1990.

"So if we have a world recession now, that would also depress median income, meaning that the people in the lower half of the income scale are going down," Malpass said.

The World Bank chief also noted that he has been concerned about the concentration of capital in the world in the top end of the advanced economies.

"So that's, I think, one of the issues that the world has to deal with to allow capital to flow to new businesses and to developing countries, that would take a change in the direction of fiscal and monetary policies in the advanced economies," said Malpass.

The world is facing very challenging environment from the advanced economies, and that has serious implications, dangers for the developing countries, he said. "My deep concern is that these conditions and trends might persist into 2023 and 2024."

UNI/XINHUA PRT。通过中国小康网、小康视频、《小康》新媒体矩阵的全媒渠道联动连接25万家县域新媒体阵地，辐射1.4亿各界优质受众人群。　　在全面建设社会主义现代化国家的新起点上，在实现中华民族伟大复兴的新征程中，《郡县联播》将继续全方位对接中国2843个县级行政区，面向3000多万公务员群体，立足于以权威媒体的独特视角，致力于科学强国，绿色发展，聚焦县域动态，关注县域发展，聚合新能量，释放新动能，积极为建设中国式现代化贡献力量。