Developing countries at risk from global economic threats, says World Bank

Bank forecasts slowdown in growth as world copes with Covid, inflation and higher interest rates

The risk of a hard landing for large parts of the global economy is rising as countries struggle to cope with the triple threat of Covid-19, inflation and higher interest rates, the World Bank has said.

In its half-yearly forecasts, the Washington DC-based Bank said it expected a pronounced slowdown" in growth in the next two years, with the less well-off parts of the world especially hard hit.