The Latest Breaking News from World Bank

The U.S. might skate past a recession, but the rest of the world may not be as lucky

A debt crisis is combining with other factors to threaten a prolonged economic decline in the developing world.

Fortune · Jan 23, 2023

Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

Two of the world's most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how China and other creditors are handling the African country's debt.

Reuters · Jan 23, 2023

U.S. wants to see quicker progress on World Bank reforms- Yellen

U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.

Reuters · Jan 23, 2023

Lebanon to take out $116m in loans for ailing electric grid

Lebanon’s caretaker government has approved opening credit lines totaling $116 million to help fix its crippled state electricity grid

The Independent UK · Jan 18, 2023

These Are the 3 Best Stocks on Wall Street to Buy Now

Although inflation moderated for the sixth consecutive month in December, a recession is still likely as the Fed is expected to keep raising rates this year. Amid an uncertain economic backdrop, fundamentally strong and popular stocks on Wall Street, Microsoft (MSFT), Pfizer (PFE), and AT&T (T), could make ideal additions…

StockNews.com · Jan 18, 2023

China’s economy slows sharply with GDP growth among worst on record

The economy grew 3% in 2022, exceeding some forecasts, but still well below China’s official target for the year

The Guardian - AU · Jan 17, 2023

One year after volcanic blast, many of Tonga's reefs lie silent

(Corrects word in headline, paragraph 4 to fix timeline.)

Reuters · Jan 15, 2023

The World Needs More Nuclear Power

Why the World Bank needs to get in the game.

Foreign Affairs · Jan 12, 2023

3 Large-Cap Stocks Worth Buying in 2023

With the Fed signaling to continue raising interest rates throughout this year, the probability of the economy tipping into a recession is increasing. Amid the macroeconomic unrest, fundamentally sound large-cap stocks UnitedHealth Group (UNH), Walmart (WMT), and Eli Lilly (LLY) might be safe investments this year. Read on….

StockNews.com · Jan 12, 2023

World 'on brink' of recession

WASHINGTON: The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter.

Bangkok Post · Jan 11, 2023