World Bank published a forecast of global economic growth
Photo: AP Photo / Richard Drew
The World Bank (WB) has published an annual forecast of the global economy, according to which, its growth in 2020 will be 2.5%, Ria.ru reports.
"It is forecast that global economic growth will reach 2.5% in 2020 as investment and trade are gradually recovering after a significant weakening in the last year, but the downside risks (growth rate) remain", - stated in the press release of the World Bank.
It is expected that growth among advanced economies as a whole will decline to 1.4% in 2020 due to "continued weakness in the manufacturing sector", while growth in emerging economies and the developing economies will accelerate this year to 4, 1%.
WB forecasts that the US economic growth will slow to 1.8% this year, reflecting the negative impact of previous price increases and increased uncertainty.
The growth of the euro zone will decrease to the revised downward 1% in 2020 against the background of the weak industrial activity.
In addition, the World Bank experts forecast "a further moderate slowdown" in China to 5.9% in 2020 against the background of a number of internal and external challenges, including the continuing impact of trade tensions. Regional growth in the Asia-Pacific region, excluding China is expected to recover slightly to 4.9%.