World Bank predicts sluggish global economic growth

2016-01-08 0

The World Bank's latest look at the year ahead suggests that global growth may continue to limp along.
It predicts economic activity will grow by 2.9% in 2016 - a reduction from its June forecast of 3.3%.
In East Asia and the Pacific, growth is expected to slow to 6.3%, largely due to the sputtering Chinese economy.
But South Asia is a bright spot, expected to grow at 7.3% this year.
We spoke to one of the report's authors, who said falling commodity prices were one of the big drags on global growth.

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