Global growth is set to slow over the next two years as central banks raise borrowing costs and U.S. fiscal stimulus starts to fade, the World Bank said Tuesday in its latest Global Economic Prospects report.
The world economy will grow 3.1 percent in 2018 and 3 percent in 2019, while slowing further in 2020, the Washington-based development lender projected. The forecasts for this year and next were unchanged from the bank’s last update in January.
Source: Bloomberg Pro terminal
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