Global growth to slow in 2019

Global growth to slow in 2019 The World Bank Group has downgraded global real GDP growth to 2.6% for 2019, down by 0.3 percentage points from its previous forecast in January. Growth is expected to increase marginally to 2.7% in 2020. India's growth forecasts are projected to be 7.5% per annum in 2019, 2020 and 2021  not having been downgraded from their january estimates.

The Multilateral development bank's June 2019 Global Economic Prospects (GEP) report, titled ,' heightened Tensions , Subdued Investment' says the global economy " has continued to soften and momentum remains weak" and investment , sluggish.

Downside risks to global growth , as per the report, include rising trade barriers , a build up of government debt and slowdowns that were deeper than expected in several major economies. Sluggishness of investment in Emerging Markets Development Economies is part of a protraed slowdown following the goal financial crisis as per the report.

"Stronger economic growth is essential to reducing poverty and improving living standards," said World Bank Group President David Malpass , in a statement. " Current economic momentum remains weak, while heightened debt levels and subdued investment growth in developing economies are holding countries back from achieving their  potential. It's urgent that counties make significant structural reform that improve the business climate and attract investment. They also need to make debt management and transparency a high priority so that new debt adds to growth and investment."