23-April-2024
Economy News
 
UN drops forecast for global economic growth in 2022 to 3.1%
19-May-2022

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the U.N. Department of Economic and Social Affairs said the downgrade in growth prospects is broad-based, including the world’s largest economies — the United States, China and most significantly the European Union — and the majority of other developed and developing countries.

News Source:- https://www.financialexpress.com/economy/un-drops-forecast-for-global-economic-growth-in-2022-to-3-1/2530176/