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by Jim Colburn Leave a Comment
From the WSJ (http://www.wsj.com/articles/world-bank-again-cuts-global-growth-forecasts-1452110861):
“Deeper contractions than expected in Brazil and Russia and weaker output in most of the world’s biggest economies, including the U.S. and China, led the international development institution to downgrade its forecast for global growth in 2016 by 0.4 percentage point to 2.9%. That is up slightly from last year’s downward-revised growth rate of 2.6%.”
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