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Global economy at risk if Middle East conflict expands, says World Bank's Ayhan Kose
Global Stage Interviews

Global economy at risk if Middle East conflict expands, says World Bank's Ayhan Kose

While the global economy shows signs of growth and decreasing inflation, the near future involves risks, including the escalation in the Middle East impacting oil prices, strained China-US relations, and an increasingly challenging tariff and trade environment, said Ayhan Kose, World Bank Deputy Chief Economist. He discussed the geopolitical tensions influencing the global economy with GZERO's Tony Maciulis at the IMF and World Bank Annual Meetings in Washington, DC, in a GZERO Global Stage interview.

World Bank economist: The poorest are getting poorer globally
Sustainability

World Bank economist: The poorest are getting poorer globally

The combined shocks of multiple crises, including the pandemic, wars in Ukraine and the Middle East, food insecurity, and inflation, have taken a massive toll on the 75 least developed economies, according to World Bank Group’s Deputy Chief Economist Ayhan Kose.

World faces "lost decade" of economic growth, says World Bank economist
Crisis Recovery

World faces "lost decade" of economic growth, says World Bank economist

The World Bank predicts that the global economy now faces a decade of lost growth, in part due to an older workforce and lower productivity. Is the way out of the looming doldrums to have a young population like Nigeria? Yes, but those countries will need help from wealthy nations to invest in things like education to reap the benefits of their demographic dividend, World Bank deputy chief economist Ayhan Kose tells GZERO's Tony Maciulis at the World Bank/IMF spring meetings in Washington, DC.

Is the world on the brink of another global recession?
Crisis Recovery

Is the world on the brink of another global recession?

The global economy's 2023 outlook is ... bleak. Why? Ayhan Kose, the World Bank’s chief economist for Equitable Growth, Finance, and Institutions, says that unlike the 2009 and 2020 global recessions, next year's likely slowdown in economic activity — coupled with growing inflation — could be more like the one of 1982, which also came with a string of debt crises.