World Bank forecast

Published: 12.01.2020 Related countries:  Egypt Egypt

Global forecast 2020

 Global growth forecast 2020

The World Bank worsened its forecast global economic growth for last year and this year by 0.2 pp. The reason is slower trade and investment recovery, commercial tensions between the US and China. World Bank estimates that in 2019 GDP increased by 2.4%.

This is at least since the crisis, but also significant a slowdown of more than 3% in 2017 and 2018. This year's growth rate is expected to rise slightly to 2.5%, but the economy remains vulnerable to uncertainties in foreign trade; and

geopolitical tension. Global growth trade should increase slightly this year to 1.9% of last year's 1.4%, when the growth of trade was the lowest since the financial crisis 2008 to 2009.

Source: Patria