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World Bank Pres. Malpass – pressing danger is a sharp slowdown in growth, global recession

World Bank president Malpass

  • It may take years
    for global energy production to diversify away from Russia,
    prolonging risk of stagflation
  • Pressing danger for
    developing world is that sharp slowdown in global growth deepens into
    global recession
  • Increased likelihood
    of recession in Europe

I can’t see anything controversial or even new in those remarks.

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