Think things can't get worse? Now the World Bank has downgraded its forecast for the global economy, citing factors including stagflation – a combination of slow growth and inflation. The organization on Tuesday predicted that the world’s economy would expand 2.9% this year, down from its forecast of 4.1% in January. And the World Bank’s predictions for 2023 and 2024 aren’t drastically higher, with an estimated 3% growth for both years. Here’s what you need to know about stagflation. To learn more, click the link in our bio.