Global growth expected to slow down this year-Andrew Kanime

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Namports' Chief Executive Officer says global growth is expected to slow from 6% in 2021 to 3% this year. It is further expected to decline to 2% in 2023.

Kanime says, as a result, rising inflation rates pose a serious risk to the company's future, particularly acute in the US and Europe, where authorities are tightening general financial conditions and fiscal spending in response to the growing need to contain runaway inflation.

In the case of China, he says, this has been aggravated by its zero-tolerance policy for COVID-19, which has seen continued lockdowns.