world bank slashes global growth forecast to 24
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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World Bank slashes global growth forecast to 2.4%

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Emiratesvoice, emirates voice World Bank slashes global growth forecast to 2.4%

World Bank
Washington - Arab Today

A worried World Bank slashed its growth forecast for the global economy Tuesday, saying advanced economies are rebounding more slowly than expected and low commodity prices continue to hurt other countries.

The Bank said that the global economy should grow at just 2.4 percent this year, the same lethargic pace of 2015 and much slower than the 2.9 percent it predicted in January.

 

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