The news brought by the World Bank’s Global Economic Prospects report was not good. First we have the forecast for global growth (https://www.worldbank.org/en/publication/global-economic-prospects). This is now down to 1.7%, well below the 3% previously forecast in June. For developed economies, the forecast is for growth of just 0.5% in 2023, just above the typical recession …
Tag: world bank
The greater the proportion of the population in an economy that does not have a bank account, the more difficult it is to achieve sustainable growth and social well-being
The economies that are underdeveloped and cannot optimise the development of their economy while disseminating economic growth to their entire population are those in which a large part of the population does not have a bank account and access to bank transactions. According to World Bank (data.worldbank.org/indicator) data in most Latin and Central American countries …