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World Bank cuts growth forecast, cites 'protectionist pressures'
President-elect Donald Trump's future trade policies are worrying the World Bank. The bank cut its global growth forecast for 2017 on Tuesday, citing "protectionist pressures" as one of the key risks. Along with highly uncertain policies in the U.S. and U.K., "risks" to the outlook include "mounting protectionist pressures, financial market disruptions and growth disappointments in major economies," the World Bank said in its report. It also cited the U.K.'s vote to leave the European Union as a major uncertainty to its economic outlook. World Bank leaders forecast the global economy growing 2.7% this year, down a ... (full story)