Global Economic Prospects: Slowing Growth and the Risk of Stagflation | World Bank Expert Answers HD

The war in Ukraine has compounded the damage left by the COVID-19 pandemic and magnified the slowdown in the global economy. The risk of stagflation is increasing with potentially harmful consequences for middle and low-income economies alike. So what do the next few months have in store for the global growth? The latest edition of the Global Economic Prospects projects global growth will slump from 5.7 percent in 2021 to 2.9 percent in 2022. To help us learn more, Director of the World Bank’s Prospects Group, Ayhan Kose joins Expert Answers to discuss. Learn more: http://wrld.bg/CyWi50Jrwip 00:00 Introducing Ayhan Kose, Director of the World Bank’s Prospects Group 00:46 Headlines of the Global Economic Prospects, June 2022 02:07 Breaking down growth by income groups and regions 03:32 Downside risks ahead 06:06 Stagflation 10:17 Navigating stagflation without creating debt and financial crises 12:15 The case of the Middle East 14:02 Rising food prices, rising food insecurity 16:49 What can national policy makers do 20:11 Thanks Ayhan for sharing your expertise! Watch more Expert Answers episodes! http://wrld.bg/Npmq50Hrq8H ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org