Economics
Bank of America Cuts Its Outlook for Global Growth
- Bank predicts world economy will grow 3.3% this year and next
- BofA forecasts rate cuts around the world, including by Fed
This article is for subscribers only.
Bank of America Corp. cut forecasts for global economic growth this year and next, blaming the uncertainty wrought by the trade war between the U.S. and China.
Economists led by Ethan Harris now expect the world economy to grow 3.3% both this year and next, down from previous estimates of 3.6% and 3.7% respectively.