World Bank downgrades global growth estimate; maintains US growth

World Bank downgrades global growth estimate; maintains US growth

The World Bank on Tuesday downgraded its forecast for the global economy. The bank expects the world economy to grow 2.6 per cent this year, the slowest calendar-year growth since 2016, down from the 2.9 per cent expansion forecast in January. The World Bank downgraded every major region of the world, though it kept its 2019 forecast for US growth at 2.5 per cent.

Timothy
Timothy
Rocky LeBlanc
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