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Apr 28, 2022

World Bank: high food and energy prices will stick around longer than expected

High commodity prices, driven by pandemic disruptions and the war in Ukraine, are roiling the global economy. Developing nations are particularly sensitive to these increases, especially in food prices. We speak to David Malpass, President of the World Bank, about the bank’s latest economic projections and what they say about where the world may be headed. Forecasters are talking ahead of morning’s forthcoming GDP numbers, which may show a slowdown amid high inflation. 

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"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images

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World Bank: high food and energy prices will stick around longer than expected