Ten-year economic low: the world is going down with us
The fallout from the US-China trade war will be detrimental, says the World Bank
The World Bank has forecast the weakest growth for global trade since the 2009 financial crisis, joining a host of leading organisations in condemning the economic fallout from the US-China trade war.
The Washington-based lender has issued a grim warning about the health of the world economy, downgrading its predictions for the global expansion amid threats from the US-China conflict, high government debt and sharp slowdowns in major economies.
As a result, the institution downgraded its forecast for global growth in 2019 by 0.3% points, to 2.6%...