The World Bank announced revisions to its global economic growth forecast, citing slower-than-anticipated expansion in developed economies. The institution’s updated projections reflect concerns over persistent high energy prices and the impact of rising interest rates on economic activity worldwide.

Specifically, the World Bank highlighted the United States, Eurozone, and Japan as regions experiencing decelerated growth. These areas are facing challenges related to inflationary pressures and the tightening of monetary policies by central banks aiming to curb inflation.

While emerging markets continue to demonstrate relatively strong growth, they are not immune to the global slowdown. The World Bank cautioned that these economies are also vulnerable to the effects of higher energy costs and potential disruptions in international trade flows.

The revised forecast underscores the increasing uncertainty surrounding the global economic outlook. The World Bank emphasized the need for coordinated policy responses to mitigate risks and support sustainable growth in both developed and developing countries.