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World Bank: high food and energy prices will stick around longer than expected

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World Bank President David Malpass speaks during a joint press conference with IMF Managing Director Kristalina Georgieva on March 4, 2020 in Washington.

"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said. Samuel Corum/Getty Images

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War in Ukraine could affect food and energy prices through 2024, World Bank says

by David Brancaccio , Alex Schroeder and Rose Conlon Apr 28, 2022
Wheat prices could increase more than 40% and energy more than 50% this year, according to the bank's president, David Malpass.

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