Global Economy On Precarious Footing Amid High Interest Rates

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Global Economy On Precarious Footing Amid High Interest Rates

Dow Jones index graphs are seen reflected in a man's glasses in this illustration photo in Warsaw, Poland on 10 June, 2023. 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% in 2022 to 2.1% in 2023. (Photo by Jaap Arriens/NurPhoto)


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