• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Global economy in ‘precarious position’, World Bank warns

Globe

The Matters Press by The Matters Press
June 8, 2023
Reading Time: 1 min read
0
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Washington, June 7, 2023: High interest rates and the Russian war in Ukraine continue to significantly slow global economic growth, according to a new report from the World Bank.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Following growth of 3.1 per cent last year, the global economy would slow to 2.1 per cent in 2023, the World Bank said on Tuesday in its latest forecast.

The figure for 2023 was, however, 0.4 percentage points higher than an estimate released by the bank in January.

It is still one of the weakest growth rates in the past five decades, said the World Bank’s chief economist, Indermit Gill.

“The world economy is in a precarious position,’’ Gill said.

In 2024, the global economy should recover slightly and grow by 2.4 per cent, according to the report.

However, growth could also be lower than expected.

High global inflation is expected to decline gradually as demand eases and commodity prices weaken, the report said.

It could also lead to further tightening of monetary policy.

Widespread bank stress could lead to much weaker growth outcomes.

“It’s important to keep in mind that growth forecasts are not destiny,’’ World Bank President, Ajay Banga, said.

“We have a chance to turn the tide, but it will take us all working together,’’ he said.

Tags: EconomyGlobeWorld Bank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
“Naira-4-Dollar” getting results

Naira extends stability at investors, exporters window

Stable petrol supply excites Buhari

Depot associations support subsidy removal, pledge 100 mass transit buses

Recommended Stories

IMF raises alarm over Nigeria’s economy, but supports reform efforts

Women entrepreneurs get N3m award

November 9, 2023
MAN concerns over CBN’s e-invoicing guidelines, calls for 90 days extension

Manufacturers worry over hike in diesel

March 14, 2022
Nigeria to promote digital innovation, entrepreneurship – Pantami

Nigeria commits to protection of digital platforms

September 1, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us