Global economy on a steep Slowdown: According to the most recent study, the
global economy is experiencing a sharp decline after almost a year of uncertainty
in 2022. TheWorld Bank report noted that the COVID-19 pandemics repercussions are still being felt todayin the form of Education losses, worldwide Inflation, supply chain disruptions, and other issueson a global scale.The economy of the three biggest economies in the worldthe United States, China, and theeuro zonehave been rapidly slowing.
It went on to say that given the situation, even a slight blow to the world economy over the
course of the ensuing year may send it into a Recession.
In its study, the World Bank also noted that the escalating intensity of natural disasters
continues to shed Light on the social and economic effects of Climate-change”>Climate Change.