International trade and manufacturing activity have softened, trade tensions remain elevated, and some large emerging markets have experienced substantial financial market pressures, it said. The World Bank said growth among advanced economies is forecast to drop to two per cent this year. Slowing external demand, rising borrowing costs, and persistent policy uncertainties are expected to weigh on the outlook for emerging market and developing economies.
Poorest countries are being left behind in pandemic recovery newsoninvest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsoninvest.com Daily Mail and Mail on Sunday newspapers.
SEOUL South Korean banks household loan fell last month due to the repayment of borrowing for stock investment, central bank data showed Thursday. Debts, owe
The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in 80 years, largely on strong rebounds from a few major economies, said the World Bank in its June 2021 Global Economic Prospects.
World Bank boosts growth forecasts as US stimulus, vaccines stoke demand bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.