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World Bank lowers 2019 global growth forecast, maintains projection for China
浏览: 108次    发布时间: 2019-06-13

World Bank lowers 2019 global growth forecast, maintains projection for China

WASHINGTON,June4(Xinhua)--,,accordingtothenewlyreleasedsemi-annualGlobalEconomicProspectsreport."Heightenedpolicyuncertainty,includingarecentre-escalationoftradetensionsbetweenmajoreconomies,hasbeenaccompaniedbyadecelerationinglobalinvestmentandadeclineinconfidence,"(GDP)growthin2019wasdowngradedtoa"weaker-than-expected",,"Theglobaleconomicoutlook,inboththenear-andlong-term,isconfrontingsubstantialchallenges,"WorldBankPresidentDavidMalpasstoldreportersinateleconferenceTuesdaymorning,notingthatdownsideriskstogrowthincluderisingtradebarriers,abuildupofgovernmentdebt,,inparticular,wasreviseddownafullpercentagepoint,,theweakestsincetheglobalfinancialcrisis,,directoroftheprospectsgroupattheWorldBank,ltoafour-yearlowof4percentin2019,asanumberofeconomiesarecopingwiththeimpactoffinancialstressandpoliticaluncertainty,,,citing"adecelerationinglobaltrade,stablecommodityprices,supportiveglobalfinancialconditions,andtheabilityofauthoritiestocalibratesupportivemonetaryandfiscalpoliciestoaddressexternalchallengesandotherheadwinds."Growthamongadvancedeconomies,meanwhile,,,,"Strongereconomicgrowthisessentialtoreducingpovertyandimprovinglivingstandards,"saidMalpass."Itsurgentthatcountriesmakesignificantstructuralreformsthatimprovethebusinessclimateandattractinvestment,"ritysothatnewdebtaddstogrowthandinvestment,,WorldBankvicepresidentforequitablegrowth,financeandInstitutions,saidinapressreleasethat"whilealmosteveryeconomyfacesheadwinds,thepoorestcountriesfacethemostdauntingchallengesbecauseoffragility,geographicisolation,andentrenchedpoverty.""Unlesstheycangetontoafastergrowthtrajectory,thegoalofloweringextremepovertyunder3percentby2030willremainunreachable,"Pazarbasioglusaid.。

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