Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Research, Trends more

World Bank predicts less global growth

Posted on 21 June 2013

The World Bank has lowered its growth estimate for the global economy in 2013, but says the expansion appears better balanced than just before the 2008 financial crisis. The global economy was expected to grow at an annual rate of 2.2 per cent this year, led by a 5.1 per cent surge in developing countries, down from a January estimate of a 2.4 per cent.
“The overall acceleration is not stronger because the majority of developing countries have more-or-less fully recovered from the 2008 financial crisis,” the report said. Kaushik Basu, the World Bank’s chief economist, said the estimates are “actually somewhat similar to what we were saying about six months ago”………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 39496 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031