With Davos Approaching, the Global Economy Is Surging, but Growth Could Stall<br />The World Bank forecasts growth in the world’s biggest economy to accelerate to 2.5 percent this year, from 2.3 percent last year.<br />While the world’s advanced nations are expected to slow marginally, the World Bank projects emerging economies<br />will gain speed, with 4.5 percent growth this year compared with an estimated 4.3 percent in 2017.<br />That is what we are mostly concerned about.”<br />The World Bank forecasts that global growth this year will reach 3.1 percent, a slight improvement from its estimated 3 percent rate for 2017.<br />The World Bank foresees that growth of world gross domestic product will taper off in 2019, to 3 percent, and 2.9 percent in 2020.<br />Last year, though, the world enjoyed what economists call a synchronized” recovery among major economies.
