China, India "two exceptions" to global slowdown this year: World Bank chief
STORY: China, India "two exceptions" to global slowdown this year: World Bank chief
DATELINE: April 12, 2023
LENGTH: 00:02:06
LOCATION: Washington D.C.
CATEGORY: ECONOMY
SHOTLIST:
1. various of World Bank Group President David Malpass in conversation with IMF Managing Director Kristalina Georgieva
2. various of IMF headquarters during spring meetings
STORYLINE:
China and India are "two exceptions to the slowdown" that the global economy is expected to experience this year, World Bank Group President David Malpass has said.
Malpass made the remarks in a media call ahead of the International Monetary Fund and World Bank Spring Meetings week, according to a press release posted at the worldbank.org on Monday.
"Global growth is expected to be weak this year, slowing to 2 percent from 3.1 percent in 2022. For the U.S., we're expecting a slowdown to 1.2 percent from 2.1 percent in 2022," said Malpass.
"Several factors are weighing on the second half outlook: Oil prices have jumped back above 80 U.S. dollars a
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