The World Bank expects global economic growth to slow to 2.9 percent this year as international trade and manufacturing face risks from trade tensions between the US and China. In a report titled "January 2019 Global Economic Prospects: Darkening Skies" released January 8, the Washington-based multilateral lender said "the outlook for the global economy has darkened" this year. "Global financing conditions have tightened, industrial production has moderated, trade tensions have intensified, and some large emerging market and developing economies have experienced significant financial market stress," the World Bank said. "Faced with these headwinds, the recovery in emerging marke...
Keep on reading: World Bank sees below-target GDP growth for Philippines in next 3 years
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