World Bank estimates global economic growth| MENAFN.COM

Monday, 27 June 2022 02:44 GMT

World Bank estimates global economic growth


(MENAFN) The World Bank predicts development within global economy to accelerate during 2018, following 2017 growth which exceeded expectations.

The latest forecast brought by the bank expects a 3.1% development in 2018 prior to its expected faint deceleration.

Nonetheless, the forecast notified the boost to not last for long, with profits in enhancing living standards and shrinking poverty levels at a long term risk.

The president of the bank Jim Yong Kim declared "the broad-based recovery in global growth is encouraging".

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