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Global economy set for weakest run since 2008 – World Bank
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace sinceContinue Reading
Summary
A global recession is not expected. Growth in developing economies has ratcheted down for three decades-from 6 per cent annually in the 2000s to 5 per cent in the 2010s-to less than 4 per cent in the 2020s. That tracks the trajectory of growth in global trade, which has fallen from an average of 5 per cent in the 2000s to about 4.5 per cent in the 2010s, to less than 3 per cent in the 2020s.
What this story is about
People
- saidIndermit Gill
- Indermit Gill
Organisations
- World Bank Group2
- World Bank2
Places
- China2
- Asia2
Keywords
- economy2
- weakest2
- global2
- since2
- run2
- set2
- recessions
- forecasts
- outside
- slowest
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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