Publication:
Introductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution

Simple item page
dc.contributor.authorMalpass, David
dc.date.accessioned2022-08-02T14:24:25Z
dc.date.available2022-08-02T14:24:25Z
dc.date.issued2022-07-13
dc.description.abstractThese opening remarks were made by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution on July 13, 2022. Mr. Malpass said the world is facing multiple crises, including the sharpest slowdown in GDP growth in 80 years, the risk of a frozen crisis in Ukraine due to Russia's invasion, and a massive worsening in global inequality as advanced economies absorb the limited supplies of global capital and energy. Global growth is not expected to rebound in 2023, given energy supply constraints; the long overdue normalization of interest rates and bond yields in the advanced economies; and the misallocation of investments that has pushed much of the world’s savings into bonds, mostly bonds issued by governments and overcapitalized borrowers. The global economy is also facing significant downside risks. These include intensifying geopolitical tensions, the fragility in many countries, the potential for an extended period of stagflation, the widespread financial stress that's caused by the higher borrowing costs, and food insecurity.en
dc.identifierhttp://documents.worldbank.org/curated/en/099929307202287423/IDU0eb3610df08040afce0bde0160ba71d
dc.identifier.doi10.1596/37807
dc.identifier.urihttps://hdl.handle.net/10986/37807
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGLOBAL INEQUALITY
dc.subjectLIMITED SUPPLY
dc.subjectINTEREST RATE NORMALIZATION
dc.subjectBOND MARKETS
dc.subjectMISALLOCATION OF INVESTMENT
dc.subjectGEOPOLITICAL TENSION
dc.subjectFRAGILITY
dc.subjectSTAGFLATION RISK
dc.subjectFOOD SECURITY
dc.subjectENERGY
dc.titleIntroductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institutionen
dc.typeSpeechen
dc.typeDiscoursfr
dc.typeDiscursoes
dspace.entity.typePublication
okr.crossref.titleIntroductory Remarks by World Bank Group President David Malpass at the State of the Global Economy Event Organized by Brookings Institution
okr.date.disclosure2022-07-20
okr.date.doiregistration2025-05-08T13:42:36.976003Z
okr.date.lastmodified2022-07-20T00:00:00Zen
okr.doctypeSpeeches of World Bank Presidents [collection under construction]::Speeches by David R. Malpass (2019 to present)
okr.docurlhttp://documents.worldbank.org/curated/en/099929307202287423/IDU0eb3610df08040afce0bde0160ba71d
okr.guid099929307202287423
okr.identifier.externaldocumentum33870736
okr.identifier.internaldocumentum33870736
okr.identifier.report174141
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099929307202287423/pdf/IDU0eb3610df08040afce0bde0160ba71d.pdfen
okr.topicConflict and Development::Conflict and Fragile States
okr.topicPoverty Reduction::Inequality
okr.topicUrban Development::Municipal Bond Markets
okr.topicMacroeconomics and Economic Growth::Inflation
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitEXC - Office of the President
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
IDU0eb3610df08040afce0bde0160ba71d.pdf
Size:
70.69 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
IDU0eb3610df08040afce0bde0160ba71d.txt
Size:
11.04 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
2. Speeches by David R. Malpass (2019 to 2023)