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China’s 2020 growth forecast held at 5.9 per cent by World Bank amid ‘fragile’ global economic outlook
China’s growth is forecast to decelerate to 5.9 per cent this year, according to the World Bank, and while its latest Global Economic Prospects report suggests global growth will accelerate slightly in 2020, the outlook for the world economy remains “fragile” amid major risks to even their “tepid” forecast. The prediction for China in 2020 is unchanged from the World Bank’s previous forecast in October, with the world’s second largest economy set to decelerate from 6.1 per cent in 2019. China’s growth slowed to 6.0 per cent in the third quarter of 2019, with Beijing expected to support a target of ... (full story)