World Bank forecasts 'Stagflation', growth could fall by 2.1% in 2022

Updated: Jun 08, 2022, 09:18 AM(IST) WION Video Team

World Bank says that countries are headed for stagflation, the question is what does this term stand for and what are its ramifications. The institution on Tuesday slashed its global growth forecast by nearly a third for 2022.

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