Global economy to stagnate over the next two years according to the World Bank

However, the World Bank warns that this will not be enough to compensate for the damage caused by economic shocks such as the coronavirus pandemic in recent years. This is particularly dangerous for the world's poorest countries. According to the development bank, 622 million people will still be living in extreme poverty by 2030.

The World Bank, based in the US capital Washington, is also warning of the negative effects that far-reaching tariffs, for example, would have on the global economy. US President-elect Donald Trump, who will return to the White House on Monday, is planning serious punitive measures - for example on goods from China, Canada, Mexico and possibly the European Union.