China News Service, Washington, January 10 (Reporter Sha Hanting) The World Bank released the latest "Global Economic Prospects" report on the 10th local time, lowering the global economic growth forecast in 2023 to 1.7%, which is lower than that in June 2022. The projected 3%.

　　The report said that the 1.7% economic growth in 2023 is expected to be the third lowest economic growth rate in the past 30 years, only higher than the global recession in 2009 and 2020.

　　The report pointed out that global economic growth is slowing sharply due to the impact of high inflation, rising interest rates, reduced investment and the disruption of economic activities caused by the conflict between Russia and Ukraine.

The World Bank predicts that the global economy will grow by 1.7% and 2.7% in 2023 and 2024, respectively, 1.3 and 0.3 percentage points lower than the previous forecast.

For 95% of advanced economies and nearly 70% of emerging market and developing economies, economic growth in 2023 has been revised down from previous forecasts.

　　The World Bank predicts that the economic growth of developed economies will be 0.5% in 2023, which is 1.7 percentage points lower than the previous forecast; the economic growth of emerging markets and developing economies in 2023 will be 3.4%, which is 0.8 percentage points lower than the previous forecast.

Among them, in 2023, the US economy will grow by 0.5%, the euro zone will have zero growth, and China will grow by 4.3%.

　　The report also predicts that per capita income in emerging markets and developing economies will grow at an average annual rate of 2.8% over the next two years, one percentage point below the average between 2010 and 2019.

In Sub-Saharan Africa, projected annual per capita income growth of only 1.2 percent between 2023 and 2024 will likely lead to an increase in poverty rates rather than a decrease.

　　World Bank President David Malpass said that currently, global capital is absorbed by developed economies with extremely high levels of government debt and rising interest rates. will grow weak.

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