The World Bank has released the Global Economic Prospects report 2019 titled “Darkening Skies”.
The Growth among advanced economies is expected to drop to 2% this year.
Slowing external demand, rising borrowing costs and persistent policy uncertainties may impact the outlook for Emerging Market and Developing Economies (EMDE).
South Asia is expected to grow at 7.1% in 2019 with much of the contribution would come from India.