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World bank cuts 2013 global growth sharply

By FXstreet.com,  January 15, 2013, 10:52:00 PM EDT

FXstreet.com (Barcelona) - The world bank organization has reduced its projection for 2013 in terms of world growth, with forecast now at 2.4% vs initial projections of 3% last June 2012.

From Reuters: "Cut its forecast for developing countries, which last year grew at their slowest pace in a decade, to 5.5 percent in 2013 from 5.9 percent in the June forecast. It said growth in these countries should slowly pick up, reaching 5.7 percent next year and 5.8 percent in 2015. growth in advanced economies should reach a very weak 1.3 percent this year."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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