Global economic growth likely fall in 2019 on trade tensions, policy uncertainty, says UN
Updated : May 22, 2019 02:05 PM IST
The key reasons for the slip in growth are the persisting US-China trade tensions, the uncertainty in policy and the softening business confidence.
The UN made this claim in its report — World Economic Situation and Prospects (WESP) mid-2019.
The ongoing trade tensions between the US and China has led to the UN predicting that the growth of the world trade will drastically slip from 3.4 percent in the previous year to 2.7 percent this year.
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