The steadily expanding global economy should remain resilient — at least for a couple of years — the World Bank says. The anti-poverty agency predicted Tuesday that global growth will decelerate from a solid 3.1 percent this year to 3 percent next year and 2.9 percent in 2020. The world economy is generally healthy but must contend with rising interest rates in wealthier countries and weaker demand for commodities in developing nations. Likewise, the 19-country eurozone will go from 2.1 percent this year to 1.7 percent next and 1.5 percent in 2020, the World Bank says. The World Bank envisions a slump in global commodities prices.

Source: ABC News June 05, 2018 20:04 UTC