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World Bank Warns of ‘Stagflation’ Amid Russia War

by The Associated Press | Jun 8, 2022

The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the potential return of “stagflation” – a toxic mix of high inflation and sluggish growth unseen for more than four decades.

World Bank Warns of ‘Stagflation’ Amid Russia War

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