Caixin
Jan 09, 2019 08:07 PM
ECONOMY

World Bank Lowers Its Forecast for China’s 2019 Growth

A construction crane towers over a residential development in East China’s Jiangsu province on May 11. Photo: IC
A construction crane towers over a residential development in East China’s Jiangsu province on May 11. Photo: IC

* China’s projected growth in 2019 was cut by 0.1 percentage points to 6.2%

* The World Bank’s report forecast that the global economy would grow at a reduced rate of 2.9% next year

(Beijing) — The World Bank has lowered its forecast for China’s and the world’s economic growth in 2019, blaming softening trade and investment, trade tensions and a tightening financial environment.

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