The outlook for the global economy in 2019 has darkened. 
International trade and investment have softened. Trade tensions remain elevated. Several large emerging markets underwent substantial financial pressures last year.
Against this challenging backdrop, growth in emerging market and developing economies is expected to remain flat in 2019. The pickup in economies that rely heavily on commodity exports is likely to be much slower than hoped for. Growth in many other economies is anticipated to decelerate.
In addition, risks are growing that growth could be even weaker than anticipated, the World Bank’s January 2019 Global Economic Prospects reports.


met January 9 under the Chairmanship of its Dean, Dr. Merza Hasan, to discuss the selection process for the next President of the World Bank Group, following the announcement of the current President, Jim Yong Kim, that he will be stepping down from his position on February 1.




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