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World Bank President David Malpass says the chances of a global recession in 2023 are 50/50, though he is more worried that the middle-income and poorest countries are moving backward in education, health, food insecurity, and capital flows.
These nations, he tells Ian Bremmer on GZERO World, are actually moving backward on all development indicators. And with most capital now being poured into high-income countries, the world is becoming a more unequal place.
For Malpass, we're in a crisis in development — and we'll need new pathways to get out of it.
Watch the GZERO World episode: Can the world avoid a global recession?
- Winter is coming. Global recession, too? - GZERO Media ›
- 3 reasons risk of global recession in 2023 has increased - GZERO ... ›
- Is the world on the brink of another global recession? - GZERO Media ›
- Can the world avoid a global recession? - GZERO Media ›
- Podcast: China's economic head start & a world accelerating into recession - GZERO Media ›