GLOBAL DEVELOPMENTS BOTTOMLINE: The World Bank in its latest Global Economic Prospects predicts “darkening skies” with global growth expected to slow to 2.9% this year (amid more acute downside risks). While the China-US trade negotiations progressed, lack of tangible details associated with the talks is likely to prolong the uncertainty related to trade, growth and investment. This week will witness another crunch Brexit vote (on May’s EU withdrawal lead) that could potentially lead to an extension of Mar 29 deadline and/or move to 2nd referendum.

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