Growth in the United States will slow to 1.8 per cent from 2.3 per cent in 2019 because of the impact of import tariffs and continued investment uncertainty. Photo: Bloomberg
Growth in the United States will slow to 1.8 per cent from 2.3 per cent in 2019 because of the impact of import tariffs and continued investment uncertainty. Photo: Bloomberg

China’s 2020 growth forecast held at 5.9 per cent by World Bank amid ‘fragile’ global economic outlook

  • The latest Global Economic Prospects report predicts China’s growth is forecast to decelerate to 5.9 per cent this year, unchanged from the previous forecast in October
  • Overall, the global economy will grow by 2.5 per cent in 2020, up from 2.4 per cent in 2019, the weakest growth rate since the global financial crisis in 2008-2009

Growth in the United States will slow to 1.8 per cent from 2.3 per cent in 2019 because of the impact of import tariffs and continued investment uncertainty. Photo: Bloomberg
Growth in the United States will slow to 1.8 per cent from 2.3 per cent in 2019 because of the impact of import tariffs and continued investment uncertainty. Photo: Bloomberg
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