Wednesday, January 14, 2015

WORLD BANK WARNS OVER GLOBAL GROWTH

The World Bank has cut its global growth forecast, predicting economic expansion of 3% this year and 3.3% next.

That's lower than its June estimates of 3.4 and 3.5%.

It does say, however, that lower oil prices will benefit some economies.

Danny Cox of stockbroker Hargreaves Lansdown says the Bank is warning the global economy needs more than a strong US recovery.

IN: "Saying...
OUT: ...and China."
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