With future economic prospects looking increasingly bleary, the possibility of a global recession has been brought sharply into focus. That’s the conclusion of new data from the World Bank, which reveals how global growth is set to decline in both developed and emerging economies.
In times of economic crisis, priorities are streamlined and objectives set in more prosperous times are often adjourned. Regrettably, global performance on the UN’s Sustainable Development Goals SDG 1 "No Poverty” and SDG 8 “Decent Work and Economic Growth” remain below pre-pandemic levels in many low-income and lower-middle-income countries.
