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Global Economy Cools Faster Than Expected as Trade Tensions Rise, World Bank Says



WASHINGTON. The world economy has stumbled considerably in the first half of the year, as trade and investment flows between countries fell faster than expected, according to the semi-annual forecasts published by the World Bank on Tuesday.

With almost half a year of data to its credit, the World Bank reduced its global growth forecast to 2.6% in January from 2.9%, and reduced its forecast for growth in trade to 2.6% from 2.6%.

"There is …


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