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The president of the World Bank, David Malpass, says there is a high risk of a global economic recession next year.
Accordingly, he points out that the growth rate of advanced economies can be expected to slow down, and a similar situation can also occur in Europe.
The president of the World Bank further states that the debt burden of developing countries will continue to increase and the increase in interest rates may add an additional burden to it. Controlling inflation is a challenge and these conditions will have the most significant impact on poor countries.
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