{"id":81726,"date":"2022-06-08T00:58:55","date_gmt":"2022-06-08T04:58:55","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81726"},"modified":"2022-06-08T00:34:56","modified_gmt":"2022-06-08T04:34:56","slug":"world-bank-slashes-global-growth-forecast-to-2-9-warns-of-1970s-style-stagflation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2022\/world-bank-slashes-global-growth-forecast-to-2-9-warns-of-1970s-style-stagflation.html","title":{"rendered":"World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation"},"content":{"rendered":"\n<p>(CNBC) The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of the 1970s. Global economic expansion is expected to drop to 2.9% this year from 5.7% in 2021 \u2014 1.2 percentage points lower than the 4.1% predicted in January, the Washington-based bank said in its latest <a rel=\"noreferrer noopener\" href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2022\/06\/07\/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets\" target=\"_blank\">Global Economic Prospects report<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/06\/07\/world-bank-cuts-global-growth-outlook-and-warns-of-70s-stagflation.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession as the economy slips into a period of stagflation reminiscent of the 1970s. Global economic expansion is expected to drop [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81726","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81726"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81726\/revisions"}],"predecessor-version":[{"id":81727,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81726\/revisions\/81727"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}