The World Bank predicted a decline in global economic growth to 4.1% in 2022

It is noted that at the end of 2021, the growth of the world economy was 5.5%.

"The world economy is simultaneously faced with COVID-19, inflation and political uncertainty, when budget spending and monetary measures are in the unexplored zone," RIA Novosti quoted the head of the bank, David Malpass, as saying.

He added that growing inequality and security challenges are particularly painful for developing countries.

Earlier, the World Bank's chief economist for Russia, David Knight, said that the coronavirus pandemic affects the Russian economy more than the economies of other countries.