As Tuesday draws to a close in Kyiv and in Moscow, here are the key developments of the day:
The World Bank warned that Russia's invasion of Ukraine "has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation." The bank's new Global Economic Prospects report projects a drop in global growth from 5.7% last year to 2.9% in 2022 and beyond. "For many countries, recession will be hard to avoid," World Bank President David Malpass said.
