Private Sector Needs Support to Play Bigger Role
The World Bank in its Global Economic Prospects Report released in January 2022, estimates that economic growth will slow from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023.
Businesses in developing countries play an important role in promoting inclusive and sustainable economic recovery. However, the business world needs government support to carry out this role. On the other hand, the business world also needs to draw up concrete actions to address the gaps and threats of the climate crisis.