The World Bank building in Washington on April 5, 2021. The World Bank is downgrading its outlook for the global economy. It blames continuing outbreaks of COVID-19, a reduction in government economic support and ongoing bottlenecks in global supply chains. The 189-country, anti-poverty agency forecasts worldwide economic growth of 4.1% this year. That’s down from the 4.3% growth it was forecasting last June. In its Global Economic Prospects report out Tuesday, Jan. 11, 2022 the World Bank projects that the U.S. economy will grow 3.7% this year, down from 5.6% in 2021. (Andrew Harnik/AP)
