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Global Economy Faces ‘Polycrisis’ of Overlapping Challenges
The world is grappling with a "polycrisis," where interconnected problems like the Iran conflict and a looming jobs gap feed into each other. Experts warn that emerging economies are hit hardest by rising energy prices and potential job losses, with 800 million fewer jobs expected than needed in the coming decade. The World Bank is offering financial and policy support to help countries navigate these complex challenges.