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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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World Bank Predicts Seven-Year High for 2018 Global Economic Growth


June, 06 2017
watermark Economic news

In a statement made last Sunday, the World Bank predicted that a possible correction in trade growth stemming from post-crisis lows might be able to help strengthen the international economy and enable a seven-year high for next year’s economic growth status. However, the bank also stressed that there are certain threats to the emerging markets niche, including a fast-expanding wealth economy, which could derail the predicted growth rate for the economy. The financial institution said that international economic growth could possibly reach 2.9% in 2018 as compared to this year’s mere 2.7%. Price stability in commodity prices has helped emerging markets out of its two-year slump, while several countries around the world are finally showing signs of improvement following a large-scale financial crisis.


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