The continuing uncertainty after Brexit referendum may hurt the global economy growth, according to the World Bank President Jim Yong Kim. Even before the referendum in UK, the World Bank lowered its forecast for global growth to 2.4% against 2.9% projected in January. Before heading the G20 meeting, Jim Yong Kim met with Chinese Premier Li Keqiang in Beijing, where proposed a series of structural changes in the healthcare system in the country, who will be able to save up to 3% of GDP. In Beijing, the President of the World Bank drew attention aloud denial of globalization in the West. Although a large volume of trade and free trade zones has helped some people to escape poverty, but the middle class in rich countries feel the decline in income.
“We actually thought that USA is solid, Eurozone improved and even Japan seemed presents little better”, said World Bank President in an interview. “Brexit was a great shock and still trying to understand exactly what the effects will be, but it seems global growth will again be frustrating”, added Jim Yong Kim.
The IMF Director Christine Lagarde also said that more must be done to be distributed more evenly the benefits of growth and openness of economies.
more recommended stories
Online Casino Games Can Help to Achieve Dream Goals
The genetic and updated version of.
Sales: The Industry Where Simply Hiring Can Be Risky
When most companies hire, it’s an.
U.S. and China Relations Come to a Head Over North Korea
There are very few who have.
Your Guide to Silver and Gold Coin Storage
When gold buyers talk about the.
How to Simplify the World of Trade Finance
While the world of business may.
Why GPS Tracking Software Is Imperative For Fleet Tracking Companies?
Fleet management is a tough job..
How to Repay a Payday Loan Quickly
There are many financial services offering.
Dealers Take The Risk Out Of Buying Used Metrology Machines
The parts you’re manufacturing are becoming.
The Benefits Of Freight Bill Factoring
Freight bill factoring is one of.
How Did The Bank of England’s Decision Not to Raise Interest Rates Affect the Average UK Resident?
In financial circles, interest rate decisions.