World Bank warns recession 'hard to avoid' and Ukraine war creating a 'perfect storm' - ABC News

The World Bank is warning the war in Ukraine is combining with other risk factors to create a "perfect storm" and recession will be "hard to avoid".

The World Bank has warned the hopes of averting recession for all countries will fade the longer the war in Ukraine continues. 

• The World Bank has dropped global growth rates to 2.9 per cent… [+2216 chars]
  full article...