Posted by: youngragingbull | June 12, 2013

Wold Bank lowers 2013 global growth forecast

The World Bank cut its global growth forecast to 2.2% for 2013 on Wednesday, down from a 2.4% projection issued in January and below last year’s forecast of 2.3% growth.

In its semi-annual Global Economic Prospects report, the multinational development agency also revised lower its expectations for growth in China, Brazil and India, while increasing estimates for Japan and the U.S.

For 2014, the World Bank sees global economic growth at 3%.

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