• Global growth may slump to 2009 levels next year as the Russia-Ukraine 'forever war' drags on, IIF warns

    8 days ago - By Business Insider

    The Ukraine war could hit global growth until 2024, the Institute of International Finance said. Pavlo Palamarchuk/Getty Images
    Global growth could slow to just 1.2% in 2023, according to the Institute of International Finance.
    Growth was last that weak in 2009 as the financial crisis ravaged the global economy.
    The "forever war" between Russia and Ukraine could hammer growth until 2024, the IIF said.
    Global growth could plunge to 2009 levels next year when adjusted for base effects as the war between Russia and Ukraine continues to weigh on the world economy, according to the Institute of...
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