World Bank cuts forecast for 2019 global economic growth to 2.9%
- 5 years ago
The World Bank is downgrading its 2019 outlook for the global economy.
It's blaming elevated trade tensions, weakening manufacturing activity and growing financial stress in emerging markets.
According to its Global Economic Prospects report, the World Bank forecasts global growth to slow to two-point-nine percent in 2019, down from its previous three percent forecast in June.
If the forecast proves to be true,... 2019 would be the second straight year of global growth at three percent or below.
It's blaming elevated trade tensions, weakening manufacturing activity and growing financial stress in emerging markets.
According to its Global Economic Prospects report, the World Bank forecasts global growth to slow to two-point-nine percent in 2019, down from its previous three percent forecast in June.
If the forecast proves to be true,... 2019 would be the second straight year of global growth at three percent or below.