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World Bank sees global growth slowing in 2019

Reuters 

(Reuters) - The growth of the global economy is expected to slow to 2.9 percent in 2019 compared with 3 percent in 2018, the said on Tuesday, citing elevated trade tensions and international trade moderation.

"At the beginning of 2018 the global economy was firing on all cylinders, but it lost speed during the year and the ride could get even bumpier in the year ahead," said in the semi-annual Global Economic Prospects report http://www.worldbank.org/en/news/press-release/2019/01/08/darkening-prospects-global-economy-to-slow-to-29-percent-in-2019-as-trade-investment-weaken.

The outlook comes as the and have been engaged in a bitter trade dispute, which has jolted financial markets across the world for months. The two economies have imposed tit-for-tat duties on each other's goods, although there were signs of progress on Tuesday as the two countries prepared to enter a third day of talks in

Growth in the is likely to slow to 2.5 percent this year from 2.9 percent in 2018, while is expected to grow at 6.2 percent in the year compared with 6.5 percent in 2018, according to the World Bank.

Emerging market economies are expected to grow at 4.2 percent this year, with advanced economies expected to grow at 2 percent, the World Bank said in the report.

(Reporting by in Bengaluru; Editing by Leslie Adler)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 11:23 IST
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