World Bank cuts 2019 global growth forecast to 2.6% from 2.9% predicted in January
|The World Bank recently released its global economic forecasts for the year 2019. The global lender cited trade wars to be the reason behind expecting a lower growth number than previously anticipated in January.
It should also be noted that all six global regions, namely East Asia and the Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, South Asia and sub-Saharan Africa, have lower growth forecasts in the latest report.
The report also mentions that there's been a tumble in business confidence, a deepening slowdown in global trade and sluggish investment in emerging and developing economies.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.