World Bank Group

World Bank expects global economy to expand by 4% in 2021

The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.

Global economy: ‘we must do everything possible’ to avoid global ‘fracture’ caused by US-China tensions, urges Guterres

Tensions around global trade and technology continue to rise and the international community needs to “do everything possible” to prevent the world being split into two competing spheres, led by the United States and China. 

New refugee data centre can inform policies, solutions worldwide: Guterres

A new UN refugee data centre will improve the way humanitarian agencies support “some of the most dramatically vulnerable people in the world”, UN chief António Guterres said on Thursday.

Global economic growth levels to rise by 2.7% in 2017

Global economic growth is expected to rise by 2.7 percent in 2017, according to a report released by The World Bank.

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New sustainable energy envoy stresses strong climate deal

A new global treaty on climate change should include “real commitments” to support countries that are most vulnerable to its effects.

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