World Bank warns of 'considerable' risk of stagflation

'True cost' of early retirement potentially over £10,000 in current economy

James Baxter-Derrington
clock • 1 min read
World Bank warns of 'considerable' risk of stagflation

The World Bank has warned of a “considerable” risk of stagflation, with subdued growth likely to persist “throughout the decade”.

Writing in its latest Global Economic Prospects report, World Bank president David Malpass said global growth could fall to 2.1% in 2022 and 1.5% in 2023, if downside risks materialise. He added...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Two in five workers to fall short of minimum retirement lifestyle, Scottish Widows says

Two in five workers to fall short of minimum retirement lifestyle, Scottish Widows says

Research finds just one third of workers say they are ‘adequately’ preparing for retirement

Martin Richmond
clock 23 July 2024 • 5 min read
Smart Pension sets out recommendations to 'transform' sector

Smart Pension sets out recommendations to 'transform' sector

Smart UK and Ireland CEO Jamie Fiveash says pensions system ‘works against’ savers in many ways

Holly Roach
clock 22 July 2024 • 2 min read
'Relief and excitement' in industry as pensions review announced

'Relief and excitement' in industry as pensions review announced

The industry has welcomed the government’s ‘rapid action’ in the pensions sector

Holly Roach
clock 22 July 2024 • 6 min read
Trustpilot