The World Bank has released a new report predicting a slowdown in global economic growth for the coming year. The report attributes this deceleration to a number of factors, including rising interest rates implemented by central banks to combat persistent inflation, and continued supply chain disruptions.

The report suggests that developing economies are particularly vulnerable to this slowdown. Reduced global demand could negatively impact exports from these nations, while tighter financial conditions could limit access to capital. The World Bank urges policymakers to implement reforms aimed at boosting productivity and attracting investment.

Specific growth forecasts for individual countries and regions are detailed in the full report, available on the World Bank’s website.