2020s on course to be weakest decade for global economy since 1960s, says World Bank
by Heather Stewart Economics editor from Economics | The Guardian on (#6XWH6)
Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs
The World Bank has cut its forecasts for growth, blaming Donald Trump's trade war and says the 2020s are on course to be the weakest decade for the global economy since the 1960s.
In its twice-yearly Global Economic Prospects report, the Washington-based lender reduced its forecast for global GDP growth this year to 2.3%, down from 2.7% in January.
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