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...

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