Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,198,411 members, 7,968,101 topics. Date: Sunday, 06 October 2024 at 06:01 PM |
Nairaland Forum / Nairaland / General / Business / World Bank Revises Downward Global Economic Growth To 2.9% (3253 Views)
CBN Revises Timelines For Dispense Errors, Refund Complaints / Pwc Report Links Family Business Growth To Strong Values / Get Miraculous Growth To Your Business Today (2) (3) (4)
World Bank Revises Downward Global Economic Growth To 2.9% by sophsia62: 6:24am On Jan 09, 2019 |
The World Bank has projected global economic growth to fall from 3 percent recorded in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook. The bank, which gave the downward revision on Tuesday, explained that “International trade and manufacturing activity have softened, while trade tensions remain elevated, even as some large emerging markets have experienced substantial financial market pressures.” The bank in its January 2019 Global Economic Prospects, said “Growth among advanced economies is forecast to drop to 2 percent this year. “Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on outlook for emerging markets and developing economies. “Growth for this group is anticipated to hold steady at a weaker-than-expected 4.2 percent this year”. The World Bank Chief Executive Officer, Kristalina Georgieva, said “At the beginning of 2018 the global economy was firing on all cylinders, but it lost speed during the year and the ride could get even bumpier in the year ahead. “As economic and financial headwinds intensify for emerging and developing countries, the world’s progress in reducing extreme poverty could be jeopardised. To keep the momentum, countries need to invest in people, foster inclusive growth, and build resilient societies.” The bank noted that the upswing in commodity exporters has stagnated, while activity in commodity importers is decelerating, stressing that per capita growth will be insufficient to narrow the income gap with advanced economies in about 35 percent of emerging market and developing economies in 2019, with the share increasing to 60 percent in countries affected by fragility, conflict, and violence. It disclosed that a number of developments could act as a further brake on activity, noting that a sharper tightening in borrowing costs could depress capital inflows and lead to slower growth in many emerging market and developing economies. Past increases in public and private debt, the World Bank observed, could heighten vulnerability to swings in financing conditions and market sentiment. The bank warned that intensifying trade tensions could result in weaker global growth and disrupt globally interconnected value chains. https://www.akelicious.net/2019/01/world-bank-revises-downward-global.html
|
Re: World Bank Revises Downward Global Economic Growth To 2.9% by helinues: 6:40am On Jan 09, 2019 |
Hope this is not another global recession loading Buhari had also warned Nigeria governors to be prepared for tough year 2019. Oh boy, no unnecessary spendings for now. 3 Likes |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Caseless: 6:40am On Jan 09, 2019 |
Global economy never see anything. Shey na "Tlump be plesiden of amelika"? Him go cause more economic wars and confusion tire. 7 Likes |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by CheapDataGuy: 6:40am On Jan 09, 2019 |
Hope that's not recession version 2.2 loading |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Nobody: 6:40am On Jan 09, 2019 |
Let them strategies before it gets outta hand |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by MANNABBQGRILLS: 6:41am On Jan 09, 2019 |
International trade and manufacturing activity have softened, while trade tensions remain elevated, even as some large emerging markets have experienced substantial financial market pressures. Fluctuation taking place. 2 Likes 2 Shares |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by kumakunta: 6:41am On Jan 09, 2019 |
Naija don get excuse for it annual failure 2 Likes |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by matuskyoo7(m): 6:44am On Jan 09, 2019 |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by NotBeenPaid: 6:46am On Jan 09, 2019 |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by netsurfer01(m): 6:53am On Jan 09, 2019 |
I'm sure Buhari will be happy with this |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Compliant(m): 6:56am On Jan 09, 2019 |
"EVEN THE WORLD IS FEELING IT" Lie Mohammed 1 Like |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by YovvInteriors(m): 7:13am On Jan 09, 2019 |
Check my signature ! |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by AmeLonRo(m): 7:29am On Jan 09, 2019 |
That's great news for all. Especially nations with integrity. Top Ten Black Billionaires In The Universe These billionaires are black people. Most of these billionaires have charities and or pledge to give a percentage of their wealth to charity S/N NAME NET WORTH (US$) SOURCE OF WEALTH COUNTRY 10 Mohammed “Mo” Ibrahim 1.14 Telecommunications United Kingdom 9 Michael Jordan 1.40 Basketball, Entrepreneur United States 8 Folorunsho Alakija (F) 1.41 Oil, Fashion, Printing Nigeria 7 Patrice Motsepe 1.80 Mining South Africa 6 Oprah Winfrey (F) 3.00 Continue here https://newkokoro.com/2019/01/09/top-ten-black-billionaires-in-the-world/ |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by aolawale025: 7:32am On Jan 09, 2019 |
The growth might be slow but it's not negative |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by helinues: 7:45am On Jan 09, 2019 |
Caseless: Trump was also the president from 2006-2009 bah? |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Caseless: 9:23am On Jan 09, 2019 |
helinues:Another oaf was in the office then who created the ground for the global issues of 2008. 1 Like |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Nobody: 10:55am On Jan 09, 2019 |
|
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Nobody: 10:56am On Jan 09, 2019 |
netsurfer01:
|
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Ugosample(m): 8:52pm On Jan 09, 2019 |
Caseless: no mind them recession go bad gan, with all these his stupid experiments |
Re: World Bank Revises Downward Global Economic Growth To 2.9% by Ugosample(m): 8:54pm On Jan 09, 2019 |
helinues: it's not abt that Trump is trying out some dangerous experiments that failed in Reagan's time, and failed again in Bush jnr time. Supply side economics does NOT WORK. 1 Like |
(1) (Reply)
Arbitrage (usdt). Make Money At The Comfort Of Your Home / 200,000 To Invest / Intercontinental Bank: Happy Bank, Angry Customer
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 17 |