BofA paints grim picture for global economy.

Global Banking News-February 28, 2020--BofA paints grim picture for global economy

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Global Banking News - 28 February 2020

Bank of America Corp (NYSE: BAC) has predicted a grim future for the global economy.

The bank said that the global economy is heading for its worst phase since the financial crisis years.

It said that global GDP growth is likely to be just 2.8 percent in 2020. Various factors such as the virus outbreak, political uncertainty in the US and the trade war between the US and China will affect global growth. Analysts at the bank said that...

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