PARKS PROPERTY ADVICE


World Bank cuts global growth forecast


The World Bank has lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. The Bank predicted the global economy would grow 3% this year, below a forecast of 3.4% made in June. World GDP growth would reach 3.3% in 2016, as opposed to a June forecast of 3.5%, before dipping to 3.2% in 2017, it said. The world economy has been more sluggish than expected since the 2007-09 global financial crisis.

Continue reading ... Reuters