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World Bank needs to get 'better', 'bigger': president
World Bank needs to get 'better', 'bigger': president
Business and Economy
by  AFP

The World Bank's new president, Ajay Banga, said Wednesday that the global lender must become "better" and "bigger" to boost its capacity to help developing countries battle climate change, poverty and pandemics. He said poverty, pandemics and climate change were "almost like a perfect storm" that can no longer be treated separately.

German economy to shrink in 2023, govt says
German economy to shrink in 2023, govt says
Business and Economy
by  AFP

The German government slashed its growth forecast Wednesday, predicting Europe's top economy will shrink this year as it battles high inflation, elevated energy prices and a manufacturing slump. In their forecasts Wednesday, the government predicted the economy would pick up next year with growth of 1.3 percent, and expand by 1.5 percent in 2025.