World Leaders in Washington Fear Economic 'Lost Decade'.

Global finance ministers and central bankers will attend the spring meetings of the IMF and the World Bank in Washington amid economic turmoil that could lead to a recession. Threats include the war in Ukraine, high inflation, rising interest rates, a fragile banking system, and slower growth in China. Wealthy countries are hiking interest rates to kill soaring prices, creating crushing debt burdens in the developing world. The World Bank warned of a looming “lost decade” for the economy that could sap momentum for fighting poverty and addressing climate change.