Global Economy

Global Economy to Grow By 2.7 % in 2019: United Nations

Thus, after growing at a 3.0 per cent clip in 2018, according to the UN figures, the world economic growth rate is predicted to slow slightly to 2.7 per cent this year, taking these adjusted figures into account, a situation that reinforces the theory that the current cycle of growth has reached its peak. The UN predicts for 2019 that the United States’ economy will grow at 2.3 per cent, while the European Union’s overall economy will expand at 1.5 per cent, Japan at 0.8 per cent and Russia at 1.4 per cent.