WASHINGTON, April 10 (Reuters) - World Bank Group
President David Malpass said on Monday that the lender has
revised its 2023 global growth outlook slightly upward to 2%
from a January forecast of 1.7% but the slowdown from stronger
2022 growth will increase debt distress for developing
countries.
Malpass told a media briefing that the upward revision was
due to an improved outlook for China's recovery from COVID-19
lockdowns, with growth now pegged at 5.1% this year. Advanced
economies, including the U.S., are also doing a bit better than
the World Bank anticipated in January.
(Reporting by David Lawder; Editing by Chizu Nomiyama)
david.lawder.thomsonreuters.com@reuters.net))
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