World Bank Signals A Global Recession, Saying ‘Essentially No Rebound’ Is Expected With Several Years Of ‘Above-Average Inflation’ Ahead

(Source: The Gateway Pundit)

According to the World Bank’s latest global economic forecast released on Tuesday, global economic growth is expected to slow down before the end of the year, and most countries should begin preparing for a recession.

In the newly released report, the World Bank cut its forecast for global growth this year to 2.9%, down from the 4.1% forecast published in January. The report also warns that several years of above-average inflation lie ahead.