World Bank slashes China’s growth figures

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World Bank slashes China’s growth figures

 The World Bank has slashed its forecasts for China’s economic growth and warned that new coronavirus outbreaks, high debt and continuous supply chain bottlenecks will endanger economic activity, especially in developing countries. *The World Bank has also lowered economic activity projections for the US and euro area while issuing a warning of further downgrade risks worldwide because of the rapid spread of the omicron variant. 

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