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The World Bank has slashed its 2015 growth outlook for the global economy to 2.8%, citing tough economic conditions in emerging markets, which were an
The World Bank has slashed its 2015 growth outlook for the global economy to 2.8%, citing tough economic conditions in emerging markets, which were an engine for global growth.
Developing countries are now projected to grow by 4.4% in 2015, down from the previous projection of 4.8%. The challenges faced by these economies include impending rise in US interest rates that could reduce capital flows and increase borrowing costs, according to the bank.
(Source: World Bank, International Business Times, ibtimes.co.uk)
The World Bank has slashed its 2015 growth outlook for the global economy to 2.8%, citing tough economic conditions in emerging markets, which were an engine for global growth.
Developing countries are now projected to grow by 4.4% in 2015, down from the previous projection of 4.8%. The challenges faced by these economies include impending rise in US interest rates that could reduce capital flows and increase borrowing costs, according to the bank.
(Source: World Bank, International Business Times, ibtimes.co.uk)
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