News Snapshot:
As the pandemic receded, the hope was that the global economy would see an encore of the Roaring Twenties of the 20th century. The craving was obvious: The gloom of World War I and the deadly influenza pandemic was followed by rapid growth in prosperity in the 1920s. Today, a pandemic and a war are in the picture again—but the roar increasingly seems unlikely. The pressures of covid-19 and the Ukraine war won’t just hinder growth in the coming year or two, but a full “lost decade" could be round the corner, said a recent World Bank book. All global...
