World to face more pain as economic issues lingerBy Ali Bekhtaoui and Mathilde Dumazet / AFP, ParisIt was supposed to be the comeback year for the world economy following the COVID-19 pandemic. “Since World War II we have never seen such a complicated situation.”After the COVID-19-induced economic crisis of 2020, consumer prices began to rise in 2021 as countries emerged from lockdowns and other restrictions. However, the IMF still expects the world economy to expand this year, with growth of 2.7 percent. Floods in Pakistan resulted in US$30 billion in damage and economic loss this year. However, the UN summit ended without new commitments to phase out the use of fossil fuels, despite the need to cut greenhouse gas emissions and slow global warming.
