06 June 2018

Global economy is healthy but growth will slow: World Bank

Global economy is healthy but growth will slow: World Bank



The steadily expanding global economy should remain resilient, at least for a couple of years, the World Bank has stated. The anti-poverty agency predicts global growth will decelerate slightly from a solid 3.1 percent this year to 3 percent next year and 2.9 percent in 2020. 

The World Bank predicts that US growth will register 2.7 percent in 2018, aided by tax cuts, before slowing to 2.5 percent next year and 2 percent in 2020. China's growth is projected at 6.5 percent this year, 6.3 percent in 2019 and 6.2 percent in 2020. 

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • The World Bank is an international financial institution that provides loans to countries of the world for capital projects.
  • World Bank has 189 member countries.
  • Jim Yong Kim is President of the World Bank.
Source- DD News


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