Article source
Wall Street Journal
Article date
Sat, Jun 3, 2017
WASHINGTON—A rebound in trade growth from postcrisis lows should help perk up the global economy next year to its fastest pace in nearly seven years, the World Bank said Sunday.
But a host of risks threaten a recovery in major emerging markets and an accelerating expansion in rich economies, the bank said in its flagship report.
The development institution forecasts global growth will hit 2.9% in 2018, up from 2.7% this year. Stabilized commodity prices are allowing Brazil, Russia, Nigeria and other major emerging markets to pull out of a two-year funk. Growth in the U.S. and Europe is also picking up as many of the world’s most powerful economies finally show signs of escaping the legacies of the global financial crisis.