Economy

World Bank cuts global growth forecast to 2.4% as uncertainties weigh

by Onyinye Nwachukwu, Abuja

June 8, 2016 | 12:00 am
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Sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows could see 2016 global growth slow to 2.4 percent from the 2.9 percent pace projected earlier in January, according to latest report from the World Bank. In the latest update of its Global Economic Prospects report, the World Bank…

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by Onyinye Nwachukwu, Abuja

June 8, 2016 | 12:00 am
  |     |     |   Start Conversation

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