Latest World Bank News

Global markets rise on US Fed's signal on rate cuts

Jun. 5, 2019 7:38 AM EDT

BANGKOK (AP) — Global markets were headed for another day of gains Wednesday after the Federal Reserve signaled it was ready to cut interest rates to support the U.S. economy against risks from trade conflicts. European markets got an additional push from a survey showing that the eurozone economy expanded...

World Bank downgrades its forecast for global economy

Jun. 4, 2019 4:05 PM EDT

WASHINGTON (AP) — The World Bank on Tuesday downgraded its forecast for the global economy in light of trade conflicts, financial strains and unexpectedly sharp slowdowns in wealthier countries. The bank, an anti-poverty agency, expects the world economy to grow 2.6% this year. That would be the slowest...