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.
- 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.