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Global Economic Prospect report
January 15 , 2020
1780 days
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- The World Bank has released the Global Economic Prospects report 2020.
- According to its forecast, the world is expected to grow economically at the rate of 2.5%.
- The emerging markets in the developing economies are to witness acceleration in their growth according to the report but not all.
- Growth in South Asia is expected to rise by 5.5% in 2020.
- The report predicts India’s growth rate at 5% and also see a growth rate of 5.5% in the subsequent year.
- The United States is expected to grow at 1.8% and European Union is projected to slip its growth by 1% in 2020.
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