{"id":1119399,"date":"2019-06-04T20:06:22","date_gmt":"2019-06-04T20:06:22","guid":{"rendered":"http:\/\/www.mining.com\/?p=991596"},"modified":"2019-06-04T20:06:22","modified_gmt":"2019-06-04T20:06:22","slug":"global-economic-growth-downgraded-to-2-6-in-2019-world-bank","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1119399","title":{"rendered":"Global economic growth downgraded to 2.6% in 2019 \u2014 World Bank"},"content":{"rendered":"

Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020,\u00a0<\/span>the World Bank says in its June 2019\u00a0<\/span>Global Economic Prospects: Heightened Tensions, Subdued Investment<\/span><\/i>.<\/span><\/i>\u00a0<\/span>\u00a0<\/span><\/p>\n

Global growth in 2019 has been downgraded\u00a00.3 percentage point below previous forecasts, reflecting weaker-than-expected international trade and investment at the start of the year, the World Bank says.\u00a0<\/span>\u00a0<\/span><\/p>\n

Growth in emerging markets and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak, the report maintains.\u00a0 It\u2019s urgent that countries make significant structural reforms that improve the business climate and attract investment\u00a0\u2014\u00a0\u00a0World Bank Group President<\/q><\/span><\/p>\n

Emerging and developing economy growth is constrained by sluggish investment, and risks are tilted to the downside. These risks include rising trade barriers, renewed financial stress, and sharper-than-expected slowdowns in several major economies, the World Bank reports. Structural problems that misallocate or discourage investment also weigh on the outlook.<\/span>\u00a0<\/span><\/p>\n

In particular, global<\/span>\u00a0trade growth in 2019 has been revised down a full percentage point, to 2.6 percent\u2014slightly below the pace observed during the 2015-16 trade slowdown and the weakest since the global financial crisis.\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cStronger economic growth is essential to reducing poverty and improving living standards,\u201d\u00a0World Bank Group President David Malpass said in a media statement.<\/p>\n

\u201cCurrent economic momentum remains weak, while heightened debt levels and subdued investment growth in developing economies are holding countries back from achieving their potential.It\u2019s urgent that countries make significant structural reforms that improve the business climate and attract investment.\u00a0They also need to make debt management and transparency a high priority so that new debt adds to growth and investment,\u201d Malpass added.<\/p>\n

Read the full report here.<\/a><\/p>\n

\u00a0<\/span><\/p>\n

The post Global economic growth downgraded to 2.6% in 2019 \u2014 World Bank<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global growth in 2019 has been downgraded 0.3 percentage point below previous forecasts, reflecting weaker-than expected international trade and investment at the start of the year, the World Bank says.  <\/p>\n

The post Global economic growth downgraded to 2.6% in 2019 — World Bank<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[424,949,404,369,428,2537],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119399"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1119399"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119399\/revisions"}],"predecessor-version":[{"id":1119400,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1119399\/revisions\/1119400"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1119399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1119399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1119399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}