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Annual global economic growth peaked in 2017-2018. In our central scenario, we forecast a soft landing of the world economy, with global real GDP growth easing from +3.1% in 2018 to 3.0% in 2019 and 2.7% in 2020. The expansion of the volume of global trade in goods and services is projected to moderate from +3.8% in 2018 to +3.6% in 2019. However...

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