WASHINGTON, D.C.: The World Bank says the global economy should see a modest rebound in growth this year, but the 189-nation lending institution warns that several risks could upend its forecast, including the possibility of renewed trade hostilities between the United States and China.

In an updated economic outlook released on Wednesday, the World Bank projected the global economy to grow 2.5 percent this year, slightly up from 2.4 percent in 2019. That had been the weakest performance since the 2008 financial crisis and a significant slowdown from growth rates above 3 percent in 2017 and 2018.