The world Bank has revised its forecast for the growth of the world economy down, in particular, the forecasts for the USA. Global growth will be in the current year to 2.9 percent. In the United States am expected to 2.9 percent in 2018 for the current year only 2.5 percent. In the election year 2020, there could be only 1.7 percent growth in the largest economy in the world, predicts the world Bank.
The Economists at the world Bank forecast a further slight decline in the already downwardly revised global growth of 3.0 per cent in the past year. “International trade and production activities have become soft, Trade disputes remain a big issue and in some of the large emerging countries, the financial markets are strongly under pressure”, – stated in the analysis of the world Bank.
In China, according to the forecast, to 6.2 percent from 6.5 percent in the previous year is expected. The United States and China have occupied each other with import tariffs. Currently, negotiations to resolve the trade dispute to run in Beijing.
“at the beginning of 2018, the world has fired the economy on all cylinders, but it has lost pace and the journey could be even bumpier in the current year,” said world Bank Director Kristalina Georgieva, following the resignation of Jim Yong Kim at the end of January, temporarily, Vice-President of the institution. Thus, the fight against poverty in the world – a special concern of the world Bank – could be affected.
the growth of the industrial countries will decline to only two percent in the current year, – stated in the analysis of the Economists. In the developing and emerging countries the growth will go with 4.2 percent, also a slower pace. Georgieva warned of a rapid tightening of monetary policy by the Central banks – this could lead to a suppress of the cash flows in emerging countries.