World Bank downgrades 2019 global economic outlook to 2.6%

The World Bank has downgraded its global economic outlook for this year to two-point-six percent,... largely due to a slowdown in international trade and weak investment.<br />It's zero-point-three percentage point lower than its earlier projection of two-point-nine percent made in January.<br />Citing the prolonged trade tensions between the U.S. and China,... the bank warned of other downside risks including financial turbulence in emerging markets and sharper-than-expected weakness in advanced countries, mainly in Europe.<br />However, the World Bank said the global economy will pick up momentum,... with a two-point-seven and two-point-nine percent growth rate projected for 2020 and 2021, respectively.<br />