Why current economic conditions could result in stagflation
World economic growth recovered quickly after the -3,3% experienced in 2020 to an estimated 5,7% in 2021. The World Bank expects economic growth to slow down to 2,9% in 2022 and improve slightly to 3% in 2023/24.
The slowdown in growth in 2022 has been caused by the global effects of the Russian invasion of Ukraine. This has come at a time when the global economy already faces
