The International Monetary Fund and the World Bank are now predicting a prolonged period of sluggish growth and declining investment. The coming downturn is not inevitable, but restoring global growth will be extremely challenging for two key reasons.
NEW YORK – The Spring Meetings of the World Bank and International Monetary Fund usually provide a platform for various organizations, policymakers, and commentators to reflect on the state of the global economy, offer assessments of the previous year’s developments, and forecast what lies ahead. This year’s meetings, which took place in Washington in April, were accompanied by grim predictions that underscored the growing likelihood of a prolonged global recession.
NEW YORK – The Spring Meetings of the World Bank and International Monetary Fund usually provide a platform for various organizations, policymakers, and commentators to reflect on the state of the global economy, offer assessments of the previous year’s developments, and forecast what lies ahead. This year’s meetings, which took place in Washington in April, were accompanied by grim predictions that underscored the growing likelihood of a prolonged global recession.