{"id":78214,"date":"2023-01-10T20:27:00","date_gmt":"2023-01-10T16:27:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=78214"},"modified":"2023-01-11T02:30:21","modified_gmt":"2023-01-10T22:30:21","slug":"world-bank-cuts-global-growth-projection-for-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/world-bank-cuts-global-growth-projection-for-2023\/01\/10\/market-updates\/","title":{"rendered":"World Bank Cuts 2023&#8217;s Global Growth Projection"},"content":{"rendered":"\n<p>The World Bank sharply cut the global economy\u2019s growth forecast for 2023 as a result of the prevalent persistently high inflation and on the back of accelerating worldwide recession-linked concerns.<br><br>The bank expects global growth to slow to 1.7% in 2023, down from an estimate of 3% growth in June. <br><br>That would mark the third-weakest pace of global growth in nearly three decades, overshadowed only by the 2009 and 2020 downturns, according to the World Bank. A separate report showed that global inflation, while starting to cool, is still historically high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank sharply cut the global economy\u2019s growth forecast for 2023 as a result of the prevalent persistently high inflation and on the back of accelerating worldwide recession-linked concerns.The bank expects global growth to slow to 1.7% in 2023, down from an estimate of 3% growth in June. That would mark the third-weakest pace &hellip;<\/p>\n","protected":false},"author":13,"featured_media":34138,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[9431,7203],"class_list":["post-78214","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-9431","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=78214"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78214\/revisions"}],"predecessor-version":[{"id":78229,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78214\/revisions\/78229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34138"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=78214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}