The World Bank is forecasting a 5.2 percent decline in Gross Domestic Product in 2020, following 2.4 percent growth in 2019.
That would be the worst contraction in worldwide growth since the aftermath of World War II, wrote Chad Moutray, chief economist for the National Association of Manufacturers in a monthly report detailing trends.
World Bank economists predict a 6.1 percent decline in U.S. GDP in 2020, and they forecast China to grow by 1 percent for the year.
Click here to read the full report from Reagan Haynes in Trade Only Today.
