World Bank cuts forecast for 2019 global economic growth to 2.6%



the World Bank has downgraded its global economic outlook for this year citing a slowdown in global trade and weak investment chaeyoung has this report in its biannual global economic prospects report released on Tuesday the World Bank forecasts global growth to slow to 2.6 percent in 2019 that 0.3 percentage points lower than its earlier projection of 2.9 percent made in January citing sluggish global growth and wick momentum the bank warned of downside risks both in emerging markets and advanced economies especially in Europe the president of the been said that management should be a priority urging countries to initiate structural reforms for robust investment in the report the bank left its forecasts for US economy unchanged at 2.5% this year and 1.7 percent in 2020 the forecast for Europe and Central Asia stands at 2.4 percent China's economy is expected to grow by 6.2 percent down from 6.6 percent in 2018 with Japan's growth at 0.8 percent this year the forecast for the East Asia and Pacific regions stands at 5.9 percent down from 6.3 a year earlier and dropping below 6 percent for the first time since the 1997 Asian financial crisis Chesham arirang news




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