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Global growth shows the rate at which the global economy is either growing or falling. Global growth is important when understanding where the economy of the future is headed. The World Bank just decreased their 2019 expected growth forecast for the second time in the last 6 months. At the beginning of 2018, it was expected that the 2019 global growth was to be 3.1%, then in June, it was reduced to 3.0%. Most recently the projection has been reduced to 2.9%. While 0.2% can seem small, when put in terms of the entire global economy, that small reduction in future growth can have a significant impact on the global economy. The lead forecaster of the World Bank, Ayhan Kose, said the following about global growth, “When you think about the engines of the global economy, they’re all going to lose momentum.” This change is going to affect every major market across the country.
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