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The Crossroads of Special Operations

Saturday, May 8, 2021

Bank of America just slashed its forecast for global economic growth | Business Insider

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Bank of America Merrill Lynch lowered its expectations for global gross domestic product growth on Friday, blaming trade-war uncertainties and lagging policy responses for its weakened outlook.
The firm slashed its predicted global GDP forecast to 3.3% from 3.6%. BAML had already lowered its 2019 forecast from the 3.9% level it proposed in November.
The report cited several reasons for the negative adjustment. The first is the continued trade war between the US and China, which the BAML global economist Ethan Harris said was “already lowering growth in much of the world.”

Source: Bank of America just slashed its forecast for global economic growth | Business Insider

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