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hello and welcome to Cal cane in the big
news today worldwide rims 2020 growth
forecast the World Bank says it has
reduced its global growth forecast from
2.7 percent to 2.5 percent due to slower
than expected recovery of trade and
investment despite cooler trade tensions
between the United States and China the
multilateral Development Bank said 2019
marked the weakest economic expansion
since the global financial crisis our
decade ago while 2020 should see a
slight improvement growth remains
vulnerable to uncertainties over trade
and geopolitical tensions in its latest
global economic prospects report the
World Bank shaved 0.2 of a percentage
point off of growth for both ears with
the 2019 global economic growth forecast
at 2.4 percent and 2020 at 2.5% the
latest World Bank forecasts taken into
account the so called phase 1 trade deal
announced by the United States and China
which suspended new US tariffs on
Chinese consumer goods scheduled for
December 15 and reduce the tariff rate
on some other goods lead economic
forecaster Al Gore says while the tariff
rate reduction will have a rather small
effect on trade the deal is expected to
boost business confidence and investment
prospects contributing to a pickup in
trade growth that's all for now before
we sign off do subscribe to our YouTube
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