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June 7, 2016
By: TOM BRANNA
Editor
Brexit, a President Trump and Zika Virus are just a few of the reasons why the World Bank cut its estimates for global growth from 2.9% it forecast in January to 2.4% today. The bank also cut its forecast for growth in 2017 to 2.8% from 3.1%. “The global outlook faces pronounced risks of another stretch of muted growth,” said World Bank Chief Economist Kaushik Basu. “A wide range of risks threaten to derail the recovery.” The bank cut its projections for the US from...
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