- Forecasts US GDP growth at +0.5% vs +2.2% in June forecast
- Eurozone flat vs +1.9% in June forecast
- Global growth outlook dimmed by effects of monetary tightening, slowdowns in US, eurozone, China and Ukraine war spillovers
- China 2022 growth was 2.7% but will recover to 4.3% in 2023
The World Bank warned that economic conditiosn are 'fragile' and that any new adverse development could push the global economy into recession.
