There is an urgency for emerging markets and developing economies to get ready to cope with possible turbulence, a top World Bank official has said as she called on the governments to concentrate more on their debt management practices and accelerate the pace of reforms.Kristalina Georgieva, the World Bank's CEO, said the global growth is moderating from 3 per cent to 2.9 per cent in 2019. "But what we see happening are troubling signs in terms of international trade and manufacturing activities," she said. These developments have affected the Bank's growth projections, he said. "In emerging market and developing economies, we expect growth to stabilise around 4.2 per cent in 2019. However, relative to our June report, we expect .5 percentage points lower growth in this year in these economies,” Kose said.

Source: Economic Times January 09, 2019 08:37 UTC