World Bank sees "Darkening Skies" in 2019

Wed, 09 Jan 2019

By Jenny Ruth Jan. 9 (BusinessDesk) - The World Bank is predicting global growth will slow this year due to headwinds that include tightening financing conditions, moderating industrial production and intensifying trade tensions. In its semi-annual report on the outlook for the global economy entitled “Darkening Skies,” the World Bank says global growth may slow to 2.9 percent in 2019 from an estimated 3 percent last year and slow further, to 2.8 percent, in 2020. “Moderating activity and heightened risks are clouding global economic p...

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