The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.
All regions affected by slowdown
Amongst the developed economies, the Euro Area will see the biggest slowdown, due to weaker exports and investment, with growth at around 1.4% in 2020-2021. As for the United States, a growth figure of 2.5% in 2019, will drop to 1.7% next year.
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