Published 01 May 2019 | 1 minute read
Global GDP growth is projected to ease from 3½ percent in 2018 to a sub-par rate of 3.2% this year, before edging up to 3.4% in 2020.
According to the report, global growth has slowed abruptly over the past year, with the weakness seen in the latter half of 2018 continuing in early part of 2019 amidst persisting trade tensions. Trade growth is projected to weaken further this year, to around 2%, the weakest rate since the global financial crisis and checking the speed at which global output growth can rebound from its current soft pace.
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