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  • WORLD BANK CUTS GLOBAL ECONOMIC GROWTH EXPECTATIONS

    The World Bank said on Tuesday that due to the increase in downside risks, global economic growth is expected to slow to 2.9% in 2019, and the bank will also cut its global economic growth rate to 3% in 2018.

    In its latest Global Economic Outlook report, the World Bank said that due to the tightening of the global financial environment and increased trade tensions, the global economic outlook is bleak, and some large emerging markets and developing economies are suffering from huge financial markets. pressure.

    The report pointed out: 'In the face of these headwinds, emerging markets and developing economies have lost their recovery momentum.' The report predicts that the growth rate of emerging markets and developing economies will be 4.2% in 2019, down from last June's forecast. 0.5 percentage points.

    The report said that as central banks in major developed economies continue to tighten monetary policy, the growth rate of developed economies in 2019 will slow down from 2.2% in 2018 to 2%

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