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...