{"id":1739,"date":"2022-09-29T11:39:50","date_gmt":"2022-09-29T07:39:50","guid":{"rendered":"https:\/\/polise.az\/en\/?p=1739"},"modified":"2022-09-29T11:39:51","modified_gmt":"2022-09-29T07:39:51","slug":"world-bank-energy-crisis-prolongs-stagflation-risk","status":"publish","type":"post","link":"https:\/\/polise.az\/en\/world-bank-energy-crisis-prolongs-stagflation-risk\/","title":{"rendered":"World Bank: Energy crisis prolongs stagflation risk"},"content":{"rendered":"\n<p>World Bank Group President David Malpass stated that the sharp slowdown in global growth could deepen into a global recession, warning that, &#8220;under current policies, global energy production may take years to diversify away from Russia, prolonging stagflation risk,&#8221;\u00a0\u00a0Tele Trader reports.<\/p>\n\n\n\n<p>He added that the World Bank has seen a 4% decline in global median income for the first time since it started recording it in 1990.<\/p>\n\n\n\n<p>Malpass stressed that the bank revised down China&#8217;s growth in 2022 from 5% forecast in April to 2.8%. Meanwhile, the European Union is facing a &#8220;sudden spike in energy prices&#8221; due to the war in Ukraine and the market rigidities. &#8220;The weakness of the euro and high inflation increase the likelihood of a European recession and further constrain the Eurozone&#8217;s longer-term growth outlook,&#8221; he cautioned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank Group President David Malpass stated that the sharp slowdown in global growth could deepen into a global recession, warning that, &#8220;under current policies, global energy production may take years to diversify away from Russia, prolonging stagflation risk,&#8221;\u00a0\u00a0Tele Trader reports. He added that the World Bank has seen a 4% decline in global median &hellip;<\/p>\n","protected":false},"author":2,"featured_media":1740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts\/1739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/comments?post=1739"}],"version-history":[{"count":0,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/posts\/1739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/media\/1740"}],"wp:attachment":[{"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/media?parent=1739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/categories?post=1739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/polise.az\/en\/wp-json\/wp\/v2\/tags?post=1739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}