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Global growth is slowing sharply, with worldwide economic output projected to be just 1.7% in 2023, according to the latest analysis from the World Bank Group. World Bank economists are warning that the downturn would be widespread and any adverse developments risk pushing the global economy into recession. Slowing growth affects 95% of advanced economies and nearly 70% of emerging markets and developing economies - with the potential for increasing poverty rates in some regions. To help us learn more, Director of the World Bank’s Prospects Group, Ayhan Kose joins Expert Answers to discuss. Download the latest edition of the Global Economic Prospects: http://wrld.bg/C4Cu50MmMu4 💬 Subtitles (CC) available in Chinese, English, French, Spanish 00:00 Welcome! Introducing the topic and the expert 00:55 Main headlines of the Global Economic Prospects, Jan. 2023 01:44 The scope of the slowdown and its impact 04:12 The risk of a recession 06:51 Slowdown and development goals 08:50 Investment growth 10:27 What can countries do to overcome these challenges 13:01 The plight of small states 15:29 Good news about the global economy 18:13 Thanks Ayhan for sharing your expertise! Watch more #WorldBankExpertAnswers episodes! http://wrld.bg/Npmq50Hrq8H ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org