China`s growth is forecast to decelerate to 5.9 per cent this year, according to the World Bank, and while its latest Global Economic Prospects report suggests global growth will accelerate slightly in 2020, the outlook for the world economy remains [fragile" amid major risks to even their [tepid" forecast.
Overall, the global economy will grow by 2.5 per cent in 2020, up from 2.4 per cent in 2019, the weakest growth rate since the global financial crisis in 2008-2009, the World Bank said, as trade and investment gradually recover.
[Downside risks predominate, including the possibility of a re-escalation of global trade tensions, sharp downturns in major economies, and financial disruptions in emerging market and developing economies," said the World Bank.
July 25, 2022
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July 25, 2022
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