10 January 2018

Morocco: World Bank Projects 3.1 Percent Global Growth in 2018

Washington — Global economic growth will reach 3.1% in 2018 and slightly moderate later, the World Bank said in a new report.

Global economic growth will edge up to 3.1% in 2018 after a much stronger than expected 2017, driven by the recovery in investment, manufacturing and trade, the World Bank pointed out.

It will be the first time since the financial crisis that growth is operating at its full potential.

The forecast is better than what the bank was expecting in its previous assessment last June.

"The broad-base recovery in global growth is encouraging but this is no time for complacency," said World Bank President Jim Yong Kim.

"This is a great opportunity to invest in human and physical capital. If policy makers around the world focus on these key investments, they can increase their countries' productivity, boost workforce participation, and move closer to the goals of ending extreme poverty and boosting prosperity," he added.


Track Queen Semenya to Lead Team SA in Morocco

Caster Semenya will lead a three-member South African contingent on Friday night at the ninth leg of the IAAF Diamond… Read more »

See What Everyone is Watching

Copyright © 2018 Maghreb Arabe Presse. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.