World Bank lowers its growth forecast for 2020

The World Bank lowers its forecast for global growth in 2020 in the midst of a slow recovery for trade and investment.

Photo: HHM / Michael Lindner

The World Bank lowers its expectations for global growth in 2019 as well as 2020 a bit, as the expected improvements in trade and investment are happening slower than expected.

According to the bank, 2019 brought the weakest economic growth since the global financial crisis a decade ago. Additionally, 2020 will remain vulnerable due to uncertainties about geopolitical tensions and trade, not least the trade dispute between the US and China.

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