World Bank: world economy prospects worsening
10.01.2019 22:36 "Agro Perspectiva" (Kyiv) —
As of 2019, global economic growth rates will be weak, UN Radio says referring to the World Economic Outlook newest report.
It is to be admitted, the World Bank issues the World Economic Outlook twice a year (Jan and Jun).
As to the Outlook, the main reasons for the global economic growth rates weakening are international trade and investment decline, adverse effects of trade wars and natural disasters, as well as the growth of international debt.
As to the Outlook, as of 2018, a number of large emerging market countries faced serious financial problems, and their economic growth rates are expected to remain same within 2019. Besides, the revival of the economies of the countries which depend much on the resources’ export will slow down.
Some countries economical growth will even start going down.
As to the Outlook, the global economy is additionally aggravated by the fact that the central banks of rich countries are narrowing their financial incentive programs which have been supporting their countries’ protracted recovery (started after the global financial crisis a decade ago).