World Bank downgrades its forecast for global economy

WASHINGTON (AP) — The World Bank is downgrading its forecast for the global economy in light of trade conflicts, financial strains and unexpectedly sharp slowdowns in wealthier countries.
The bank, an anti-poverty agency, expects the world economy to grow 2.6% this year. That would be the slowest calendar-year growth since 2016, and it is down from the 2.9% expansion the agency forecast in January.
The World Bank downgraded every major region, though it kept its 2019 forecast for U.S. grow