World Bank chief urges structural reforms amid slowing global growth

World Bank President David Malpass delivers a speech at the Peterson Institute for International Economics (PIIE) in Washington, D.C., the United States, Sept. 17, 2019. Malpass said Tuesday that global growth prospects are weakening, and investment growth is slowing down, highlighting the urgency to conduct structural reforms in developing countries. In a speech at the PIIE, Malpass said the global economy is expected to decelerate further "given recent developments," falling short of the World Bank's June projection of 2.6 percent for 2019 real global growth. (Xinhua/Liu Jie)