The World Bank warned that risks to the global economy include tariffs, geopolitical tensions and a fresh global debt crisis.
Share to linkedin... [+]The World Bank released a gloomy outlook for global economic growth on Wednesday, cutting its forecast for the fourth time in a row as it warned of ongoing uncertainties from tariffs and geopolitical tensions, as well as the risk of a fresh global debt crisis., published on Wednesday, the World Bank released its latest projections for the global economy in 2020.in growth is expected: The global economy will grow 2.5% this year, slightly better than the 2.
Growth among advanced economies is set to decline 1.4% in 2020—thanks in part to a global slowdown in manufacturing, while growth in emerging market and developing economies, spurred by a smaller group of large economies, will rise 4.1% according to Bank’s
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