Odds of a global recession? 50/50, says David Malpass
November 12, 2022
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Global inflation is forecast to finish 2022 at 8.8%, settling in at around 6.5% in 2023. So is a global recession imminent? David Malpass, President of the World Bank, discusses the global economy with Ian Bremmer on the GZERO World.
Malpass places the odds of a global recession at 50/50. Efforts to combat inflation in the developed world could spur a debt crisis in the developing one, and optimism for a speedy post-pandemic recovery has faded as Putin’s war in Ukraine has strained the global supply chain. But the World Bank chief is most worried about the poorest countries going backwards on their development goals. He also discusses climate change and confirms that he is not a climate science denier.
Every week on GZERO World with Ian Bremmer, Ian explains the key global stories of the moment, sits down for an in-depth conversation with the newsmakers and thought leaders shaping our world.
Watch GZERO World on US public television and on GZERO's YouTube channel. GZERO WORLD with Ian Bremmer is a local public television program presented by THIRTEEN PBS.
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