World Bank Cuts Global Growth Forecast After ‘Bumpy’ 2014 Start

World Bank Cuts Global Growth Forecast After ‘Bumpy’ 2014 Start

The World Bank cut its global growth forecast amid weaker outlooks for the U.S., Russia and China, while calling on emerging markets to strengthen their economies before the Federal Reserve raises interest rates.

The Washington-based lender predicts the world economy will expand 2.8 percent this year, compared with a January projection of 3.2 percent.

http://www.bloomberg.com/news/2014-06-10/world-bank-cuts-global-growth-forecast-after-bumpy-2014-start.html?alcmpid=markets

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