The world Bank has revised its forecast for global economic growth downwards – and, in particular, the forecasts for the USA. Global growth will be in the current year to 2.9 percent, predicts the world Bank in its on Tuesday in Washington, presented the report.
In the United States, it will continue going down significantly: To 2.9 percent in 2018, is expected for the current year only 2.5 percent. In the election year 2020, there could be only weak 1.7 per cent growth in the largest economy in the world, it said. The US President Donald Trump often tried to Boom, according to his tax reform would only stop for a minute.
The world Bank predicted a slight decline in the already downwardly revised global growth of 3.0 per cent in the past year. “International trade and production activities have become soft, Trade disputes remain a big issue and in some of the large emerging countries, the financial markets are strongly under pressure”, – stated in the analysis.
NEWS: Our latest Global Economic Prospects report says that in 2019, the world will see solid but slower growth due to softening of #global trade and manufacturing: https://t.co/KRjSkXqjXE #WBGEP2019 pic.twitter.com/N4BstrhLcC
— World Bank (@WorldBank) 8. January 2019
“at the beginning of 2018 has fired, the global economy on all cylinders, but it has lost pace and the journey could be even bumpier in the current year,” said world Bank Director Kristalina Georgieva. Thus, the fight against extreme poverty in the world could be – a particular concern of the world Bank – influenced.
the growth of the industrial countries will decline to only two percent in the current year, – said in the forecast. In the developing and emerging countries the growth will go with 4.2 percent, also a slower pace. Georgieva warned of a rapid tightening of monetary policy – this could lead to a suppress of the cash flows in emerging countries.
In the world Bank are closed to 189 countries as members. The President is still the US-American Jim Yong Kim. The announced a few days ago, however, surprisingly, his office prematurely. His duties will be taken over from February temporarily from the world Bank-Manager, Kristalina Georgieva.