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World Bank cuts global growth outlook as trade expansion falters

Slowing trade growth and investments coupled with rising interest rates makes the World Bank lower its global growth outlook.

Photo: Port of Hamburg/HHM/Lidner

The World Bank cut its forecast for the global economy as slowing growth in trade and investment and rising interest rates sapped momentum, especially in emerging markets.

Downside risks to the world economy have become more acute, including the threat of "disorderly" market movements and an escalation of trade disputes, the development lender said Tuesday in its semi-annual update to its global outlook. Debt vulnerabilities in emerging markets and developing countries have increased, it said.

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