Slowdown Could Linger Into 2024, World Bank’s Malpass Tells Sky

Orcel Sees Europe Avoiding Recession This Year; Still UncertainPhotographer: David Paul Morris/Bloomberg
Lock
This article is for subscribers only.

The head of the World Bank said Sunday he’s worried that a slowdown in the global economy this year could be “long-lasting.”

“This period of slow growth for the world may last into 2023-24, and that’s a concern,” President David Malpass said in an interview on Sky News, according to a transcript provided by the network.