U.S. Economy Expected to Grow 2.5% in 2022

New York, NY, June 8, 2022-The World Bank forecasts the economy to grow at a rate of 2.5% in 2022, reports the Wall Street Journal.

This rate of growth is slower than 2021’s 5.7%. 

“Overall, the World Bank found in its latest Global Economic Prospects report that current economic conditions resemble the high inflation and weak growth-so-called stagflation-of the 1970s, when oil shocks, high federal spending and loose monetary policy caused inflation to soar.”