a serious warning for the global economy today a stark one brian indeed the global economy is facing quote darkening skies that s according to the world bank and its annual report the lender downgraded its outlook for the global economy this year it cited rising trade tensions weakening manufacturing activity and growing financial stress in emerging markets the world bank now says that it expects the world economy to grow by two point nine percent in twenty nineteen a slightly down from its forecast back in june. and some of that economic gloom can already be felt in europe s largest economy production at german factories fell in november according to the country s economic ministry it is the third consecutive month in which the figure has dropped. how but fell one point nine percent from october after declines of point eight percent and point one percent in the previous two months new factory orders were also down in november. the figures are worrying for investors waiting on the upco