The head of the World Bank has warned that Russia’s invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. His comments are the latest warning over the rising risk that the world economy may be set to contract. “As we look at the global GDP… it’s hard right now to see how we avoid a recession,” Mr Malpass said, without giving a specific forecast. Last month, the World Bank cut its global economic growth forecast for this year by almost a full percentage point, to 3.2%. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report…[ICYMI] Lekki Shootings: Why We Lied About Our Presence — General TaiwoUkraine war: World Bank boss warns over global recession

Source: Nigerian Tribune May 26, 2022 21:08 UTC