Global Economy Cools Faster Than Expected as Trade Tensions Rise, World Bank Says - News Summed Up

Global Economy Cools Faster Than Expected as Trade Tensions Rise, World Bank Says


A Mexican delegation arrived in Washington for meetings with U.S. officials to discuss immigration after President Trump threatened escalated tariffs on all Mexican imports unless it does more to stem the flow of migrants. WSJ's Louise Radnofsky looks at what's at stake for each side. Photo: ReutersWASHINGTON—The global economy has stumbled sharply in the first half of the year with trade and investment flows between countries falling faster than expected, according to semiannual forecasts released by the World Bank on Tuesday. With nearly half a year of data under its belt, the World Bank lowered its global growth forecast to 2.6% from 2.9% in January—and cut its forecast for growth in trade to 2.6% from 3.6%. “There’s...


Source: Wall Street Journal June 04, 2019 20:00 UTC



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