The World Bank began consulting countries due to the deterioration of world trade

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The head of the World Bank, Jim Yong Kim, said that the bank was consulting with all the countries-shareholders of the World Bank in order to prepare them for a possible deterioration in the conditions of world trade, TASS reports. The head of the World Bank notes that all countries are currently concerned about the current situation in world trade and are developing measures to limit its pressure on the economy. He expresses the opinion that if trade restrictions affects all countries involved in trade, we should expect a slowdown in global growth. Due to tensions in world trade, the World Trade Organization lowered its forecast for world trade growth in 2018 from 4.4% to 3.9%.

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