Trade is the key to China’s and Indonesia’s economic recovery. But this will be hampered by their new World Trade Organization designation.
The World Bank's report projects that growth in China and other East Asian-Pacific countries will slow to 2.1 precent this year from 5.8 percent in 2019 under a “baseline” forecast in which economic recovery takes hold this summer.
Will we see a new cold war emerge?
"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said.
Global growth was poised for a modest rebound to 3.3 percent this year, up from 2.9 percent last year, International Monetary Fund chief Kristalina Georgieva said.
Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, new chief of International Monetary Fund Kristalina Georgieva warns.
Kim had pushed financing for green energy projects and dropped support for coal power investments. President Trump will wield strong influence in choosing Kim's successor as the US holds a controlling share of the Bank's voting rights.
The sixth secret vote unanimously confirmed Antonio Guterres as a clear candidate for the next chief as none of the five permanent UN Security Council veto powers voted against him.
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