World Bank's Ajay ​Banga sees some degree of lower growth, higher inflation due to war

Ajay Banga, World Bank President, forecasts slower global economic growth and higher inflation due to the Middle East conflict. The World Bank is prepared to provide billions in emergency funding to affected nations. The impact's severity and duration depend on energy market disruptions. Banga advised countries against unsustainable subsidies. Finance officials will discuss support measures at upcoming meetings.

from News-Economic Times https://ift.tt/QG9XCL8