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World Bank likely to cut global growth forecasts again

Thursday, October 17, 2019, 7:36 PM

World-Bank-President David Malpass said the development lender will likely again downgrade its global growth outlook amid uncertainty over falling trade and investment flows, but he stopped short of calling on the US and China to resolve their trade war. The World Bank in June cut its global growth forecast for 2019 by 0.3 percentage point to 2.6 percent, about the same level as 2016.

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