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World Bank Cuts 2016 Global Growth Forecast to 2.4%


World Bank Cuts Global Growth Forecast

World Bank Cuts Global Growth Forecast

Washington-In its “Global Economic Prospects” report released on Tuesday, the World Bank downgraded its 2016 global growth forecast to 2.4% from the 2.9% pace, 0.5 percentage point lower than the bank’s forecast in January. The move is due to sluggish growth in...