NEW DELHI: Global inflationary pressures are being faced by all economies alike. The surge in prices of key commodities has spiked more markedly and is persistent in most economies than anticipated, especially at a time when they are recovering from slowdown caused by Covid pandemic in the last 2 years.
In its recent report on World Economic Outlook, World Bank said that growth could slow significantly more, while could turn out to be higher than expected if the current global challenges continue.
