World Financial institution lowers world development forecast, citing commerce warfare ‘turbulence’ – Nationwide

World Financial institution lowers world development forecast, citing commerce warfare ‘turbulence’ – Nationwide

U.S. President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow … Read more

Citing commerce wars, the World Financial institution sharply downgrades international financial progress forecast to 2.3%

Citing commerce wars, the World Financial institution sharply downgrades international financial progress forecast to 2.3%

WASHINGTON — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy — the world’s largest — would … Read more