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Manufacturing, Trade to Boost Global Growth in 2017: World Bank
June 14, 2017
This Sunday, World Bank forecasted that the global growth will increase by 2.7% this year and there will be a recovery in commodity prices and improvement in the trade and manufacturing industry. For 2016, the bank had forecast a growth of 2.4%, which has increased 0.1% since January.
According to World Bank, advanced economies such as Japan and Europe are showing signs of improvement, and other emerging markets viz. Russia, India, Mexico, Brazil, etc. are also contributing to the global growth.
For U.S., the World Bank has estimated a growth of 2.2% for 2018.
