World Bank: Rising oil prices threaten global growth

United States-ALSHARQIYA October 22: The World Bank announced that the significant rise in global oil prices may threaten global growth, and is unlikely to abate before 2023.
  Crude prices are expected to reach $70 per barrel at the end of the year, which is 70 percent higher than in 2020, according to the bank's report on commodity market outlook.
  The World Bank's chief economist, Ayhan Kose, said that the rise in energy prices poses significant risks to global inflation in the short term, and if it continues, it could affect growth in energy importing countries.


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