World Bank downgrades growth outlook

15 June 2015

 

In its Global Economic Prospects report, the World Bank downgraded the outlook for global economic growth and now expects the world economy to grow by 2.8%, 0.2 percentage points slower than its January forecast. The bank says global growth in 2016 will reach 3.3%, presuming that recoveries in the euro zone and Japan take hold. “We at the World Bank have just switched on the seat belt sign,” Kaushik Basu, the World...

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