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The World Bank said Tuesday that global economic growth is expected to slow to 2.9% in 2019 from 3% in 2018, citing increased trade tensions and a slowdown in international trade.
"At the beginning of 2018, the global economy is booming, but over time, the economy is slowing down gradually, and the road is likely to be more bumpy in the coming year," said World Bank Chief Executive Officer Georgieva in her semi-annual Global Economic Outlook Report.
The World Bank's outlook report comes at a time when the United States and China are embroiled in a trade dispute that has shaken financial markets for months. A member of the U.S. delegation said Tuesday that the trade talks between the United States and China in Beijing will continue on Wednesday and the negotiations scheduled to end in two days will enter the third day. The world's two largest economies are now seeking to resolve their fierce trade disputes.

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