The global Gross Domestic Product (GDP) will suffer an abrupt slowdown with the weakening of advanced economies, which will exacerbate the headwinds for emerging economies and developing countries, including those in Latin America, warned the World Bank, estimating that World GDP growth will be 1.7 percent in 2023, the slowest in almost three decades.
“Global growth is expected to slow sharply to 1.7 percent in 2023, the third weakest growth rate in nearly three decades, eclipsed only by the global recessions triggered by the pandemic and the financial crisis,” it warned in its Global Economic . . .
