COVID-19: World Bank paints grim economic forecast

National Financial Solution > Financial Forecast > COVID-19: World Bank paints grim economic forecast



The World Bank Group has painted a grim economic forecast as the COVID-19 pandemic continues to ravage economies. More businesses are expected to fail and insolvencies are likely to increase by 30 per cent by the end of 2021. CNA spoke to Vice President for Asia and the Pacific for IFC and the World Bank Group, Alfonso Garcia Mora.

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