The World Bank has downgraded its global economic outlook for this year to two-point-six percent.
It's zero-point-three percentage point lower than its earlier projection of two-point-nine percent made in January.
Citing the prolonged trade tensions between the U.S. and China,... the bank warned of other downside risks including financial turbulence in emerging markets and sharper-than-expected weakness in advanced countries, mainly in Europe.
However, the World Bank said the global economy will pick up momentum,... with a two-point-seven and two-point-nine percent growth projected for 2020 and 2021, respectively.
It's zero-point-three percentage point lower than its earlier projection of two-point-nine percent made in January.
Citing the prolonged trade tensions between the U.S. and China,... the bank warned of other downside risks including financial turbulence in emerging markets and sharper-than-expected weakness in advanced countries, mainly in Europe.
However, the World Bank said the global economy will pick up momentum,... with a two-point-seven and two-point-nine percent growth projected for 2020 and 2021, respectively.
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