Gandhinagar, India (Reuters) – The world economy is in trouble but it is not destined to last, World Bank President Ajay Banga said on Monday.
The World Bank last said it cut its global growth forecast to 2.4% from 2.7% this month, citing global monetary tightening.
“The fact is that the world economy is in a difficult position. It’s doing better than anyone imagined, but that doesn’t mean there won’t be More challenges,” Banga said on the sidelines of a G20 meeting in the Indian city of Gandhinagar.
“Prediction is not destiny. We can change destiny and that’s what we should be thinking about now,” Banga said.