World Bank raises growth forecasts as richest nations strengthen

The World Bank raised its global growth forecasts as the easing of austerity policies in advanced economies supports their recovery, boosting prospects for developing markets’ exports.

15th January, 2014
The World Bank sees the world economy expanding 3.2 per cent this year.

The World Bank raised its global growth forecasts as the easing of austerity policies in advanced economies supports their recovery, boosting prospects for developing markets’ exports.

The Washington-based lender sees the world economy expanding 3.2 per cent this year, compared with a June projection of 3 per cent and up from 2.4 per cent in 2013. The forecast for the richest nations was raised to 2.2 per cent from 2 per cent. Part of...

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