Out of office

Out of Office: World Bank warns of recession threat; AIB completes €91m share buyback

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The head of the World Bank told a US business event on Wednesday that Russia’s invasion of Ukraine will likely trigger a global recession soon as the price of food, energy and fertiliser soar. David Malpass, president of the World Bank Group, said that it was “hard to see” how recession could be avoided given the inflationary pressures but did not elaborate on a specific forecast of how deep this recession would be. Last month, ...