World Bank global GDP outlook for 2019 cut to from their 3.0% forecast back in June
I wouldn't be chiselling those numbers in stone, sounds like a bit of overconfidence in their modesl to me if they think cutting 0.1% from a forecast out to the end of the year is of much significance. What is significant is the direction, not the amount though.
Anyway, more:
- Emerging mkt outlook 4.2% (prior 4.7%)
- Eurozone 1.6% (1.&%)
- US unchanged at 2.5%
- The bank says global economic downside risks are more acute
And this
- International trade and investment are moderating, trade tensions remain elevated, financing conditions are tightening
(I'm so glad the World Bank has caught up to what we've been saying for months now)
