Tag: World Bank downgrades 2016 global growth forecast to 2.4-pct

June 08, 2016 (LBO) – The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January, a statement said. “The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows,” the bank said issuing a […]