Get latest articles and stories on Business at LatestLY. The growth in emerging and developing economies are expected to roughly halve to 3.4 per cent in 2022 in comparison to 6.6 per cent the previous year, as the spillover effects led by the Russian invasion of Ukraine has adversely affected these nations, the World Bank said in its latest report titled 'Global Economic Prospects'. Business News | Growth in Developing Economies Likely to Halve in 2022, Says World Bank Report.