Economics

World Bank Warns of More Downgrades to Growth Outlook During ‘Exceptional Uncertainty’

WATCH: Carmen Reinhart, chief economist at the World Bank, explains why the development lender cut its forecast for global economic growth.Source: Bloomberg

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By Michael Heath

April 19, 2022 at 12:59 AM UTC

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World Bank Chief Economist Carmen Reinhart said the global economy is passing through a period of “exceptional uncertainty” and added that she wouldn’t rule out further downgrades to the growth outlook.