The global economy is set to post solid growth this year, amid improving world trade and better performance by large emerging markets, but key risks could still threaten the outlook, the World Bank said today. Rising trade protectionism and policy uncertainty, primarily in the United States under President Donald Trump, pose important cautions for the outlook. "A recovery in industrial activity has coincided with a pick-up in global trade, after two years of marked weakness." "Increased protectionism, persistent policy uncertainty, geopolitical risks or renewed financial market turbulence could derail an incipient recovery." "A further increase in policy uncertainty from already high levels could dampen confidence and investment and trigger financial market stress," the World Bank said.

Source: dna June 04, 2017 20:15 UTC