In comparison, China is expected to register a much lower growth rate of 6.3 per cent in 2018-19.
The Philippines will be among the fastest-growing countries in East Asia and the Pacific, roughly matching or outpacing China (6.5% in 2018, 6.2% in 2019 and 2020, and six percent in 2021) though slower than Vietnam (6.8% in 2018, 6.6% in 2019, and 6.5% in 2020 and 2021).
"High unemployment and slow growth in household credit extension are expected to constrain domestic demand in 2019, while fiscal consolidation limits government spending", said the bank. "Debt vulnerabilities in emerging market and developing economies, particularly low-income countries, have increased", it said.
Trade has been slowing, global manufacturing activity has been getting weaker and financial conditions have been tightened.
It also kept its 6.6% forecast for 2020 made in an October regional report and gave a new estimate of 6.6% for 2021.
According to the report, global economic growth is projected to soften from a downwardly revised 3 per cent in 2018 to 2.9 per cent in 2019 amid rising downside risks to the outlook.
The World Bank on Tuesday projected moderation of global growth from three per cent last year to 2.9 per cent this year, as one of its top officials described the current situation of the world economy as "darkening of the skies".
"Global growth is still robust but whether a storm will hit or it will clear highly depends on how policymakers are going to react", he said. Other countries retaliated with tariffs of their own in disputes that have yet to be resolved.
"Trade tensions are already affecting activity around the world", Kose said, and it could get worse.
Australia charges man over suspicious foreign mission parcels
Police said they have identified all the intended recipients and have put procedures in place to recover the outstanding packages. More than a dozen foreign offices received suspicious packages on Wednesday, including the USA and British missions in Melbourne.
Urging countries to accelerate reforms, Ms Georgieva said from the Bank's perspective, this is particularly critical for investing in human capital, lowering barriers to higher investments and boost positivity and make sure that they are integrated in the world economy in a way that helps them to expand and grow.
"When growth softens, we are likely to see either stalling or even reversal of poverty reduction".
After rising in 2018, confidence is ebbing and "this is cause for concern".
Georgieva will take over interim leadership of the entire World Bank Group next month after President Jim Yong Kim abruptly announced on Monday that he will resign to take a job in the private sector.
"The sense of urgency has to be there", Kose said.
The report highlights with concern a big jump in borrowing by the poorest nations, debt that increasingly coming from lenders that unlike the World Bank do not provide concessional terms.
The facility responded to the Post, "As a company, we welcome this development in the ongoing police investigation". Hacienda has said it will "do everything in [its] power to bring this police investigation to a quick conclusion".
Strahan pressed Hart about the controversial homophobic remarks from past years that led him to back out of the hosting gig. Hart dropped out of the annual award show in December after homophobic tweets he had shared years in the past re-emerged.
Oklahoma star Kyler Murray signed a deal with the Oakland Athletics to play baseball following the 2018 season with the Sooners. Murray could still opt to be in the A's camp, but the National Football League scouting combine begins February 26.
The Shin Bet internal security service said at the time that he was recruited by Iranian intelligence while living in Nigeria . He served as Minister of Energy and Infrastructure under prime ministers Yitzhak Rabin and Shimon Peres between 1995 and 1996.
The manager said White's wife moved out five months ago after she stopped paying rent for two months and her husband disappeared. She told The Times that State Department officials notified her in December that her son was being held in an Iranian prison.
An after-hours email to a representative seeking comment from the film's director, Dan Reed , wasn't immediately returned. Michael Jackson's estate has criticised a documentary alleging the late pop star sexually abused children.
But it's also spent millions of pounds trying to prepare for Brexit, which could have a disastrous effect on its European sales. According to the broadcaster, the job layoffs are part of a £2.5 billion ($3.2 billion, 2.75 billion euro) cuts program.
A rare coin found by a teenager in the change from his lunch money could be sold for more than $2 million when it goes to auction. PCGS CoinFacts, which offers information to all collectors of U.S. coins, estimates that there are only 10 to 15 such pennies.
While Vergara scooted away from the TV chef and made an uncomfortable face, Leno told Ramsay, "Well, you would never know". Later on in the interview Vergara jokes that she can't run. " Sofia Vergara didn't deserve to be treated like this".
Jazmine Barnes: Second man charged in drive-by shooting
Hundreds of mourners gathered Saturday outside the Walmart near where Jazmine was killed. "I can get up in the morning". Jail records indicate Woodruffe, who also is African-American, is in custody on drug possession charges.
Iran acknowledges arrest of US Navy veteran
London-based news website IranWire said Mr White was being held in Vakilabad prison in Mashhad, northeastern Iran. Among them is Xiyue Wang , a Princeton University student, who was given a 10-year sentence for espionage.
'Sopranos' prequel film to feature Tony as a kid
When they point this out to Chase , he seems surprised he let that word slip, and then walks it back a bit. Anyone would, so he should go through that.' But in the end, I decided I didn't want to do that.
Ramsey set to swap Arsenal for Juventus
Ramsey will be the club's second highest paid player after Portuguese striker Cristiano Ronaldo (€ 31 million per year). The Italian champions Juve are nine points clear at the top of Serie A as they chase an eighth successive title.
Mercedes-Benz CLA debuts at CES
MBUX is Mercedes-Benz's latest and greatest infotainment software, created to replace the old turn-dial menu-based system. It is built on a re-engineered version of the previous car's platform and uses technology from the latest A-class.
Wang Qiang seeded 21st at Australian Open
Australian Nick Kyrgios takes on 16th seed Milos Raonic in arguably the biggest first-round match-up in the men's draw. Halep has a tough opening encounter against Kaia Kanepi and a possible third rounder against Venus Williams .