Warbangtrims 2020 GrowthForecastTheWorldBanksaysithasreduceditsglobalgrowthforecastsfrom 2.7% to 2.5% duetoslowerthanexpectedrecoveryofftradeoninvestmentdespitecoolertradetensionsbetweentheUnitedStatesandChina.
Themultilateraldevelopmentbankssaid 2019 monththeweakesteconomicexpansionsincetheglobalfinancialcrisisourdecadeago, while 2020 shouldsee a slightimprovement.
Growthremainswonderabletouncertaintiesovertradeongeopoliticaltensionsinitslatestglobaleconomicprospectsreport. 00:00:48.820 --> 00:01:1.180 TheWorldBank's shavedpointtooff a percentagepointoffoffgrowthforbothears, withthe 2019 globaleconomicgrowthforecastat 2.4% on 2020 at 2.5%. 00:01:1.790 --> 00:01:11.160 ThelatestWallBankforecaststakenTOAaccountthesocalledfaceonetradedealannouncedbytheUnitedStatesandChinawithsuspendednew U.
S.
TariffsonChineseconsumergoodsscheduledforDecember 15 onreducedthetarifftradeonsomeothergoods, leadeconomicforecasterandcourseswhythedataforintroductionwillhave a rathersmalleffectontrade.
Thedealisexpectedtobootsbusinessconfidenceoninvestmentprospectscontributingto a pickupintradegrowth.
That's allfornow.
Beforewesignoff.
Dosubscribetoouryoudochannelonformoreupdates.
Pleaselogontocalkindmediadotcom.
Warbangtrims 2020 GrowthForecastTheWorldBanksaysithasreduceditsglobalgrowthforecastsfrom 2.7% to 2.5% duetoslowerthanexpectedrecoveryofftradeoninvestmentdespitecoolertradetensionsbetweentheUnitedStatesandChina.
Subtitles and vocabulary
Click the word to look it upClick the word to find further inforamtion about it