He admitted that the slowdown in the global economy would be prolonged.
The reasons for this, Malpass noted, are the persistence of high inflation rates, as well as the reduction in new investment.
“It looks like this slowdown in economic development will be observed in 2023-2024,” RIA Novosti quotes him.
Earlier, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed the opinion that the losses of the global economy from its fragmentation could amount to $7 trillion, or 7% of global GDP, if a decline in trade is allowed.