Moscow holds first night rehearsal of Victory Day ParadeMilitary & Defense April 28, 1:18
Russia’s Kvyat expects full-house attendance at 2017 F1 Russia GP in SochiSport April 28, 1:14
Only OPCW investigation can bring up truth on Khan Sheykhun chemical attack — MoscowWorld April 27, 23:37
Kvyat to race at home F1 GP in Sochi with new helmet design depicting him riding torpedoSport April 27, 21:43
Maria Sharapova gets into quarterfinal of tournament in StuttgartSport April 27, 21:16
Russia, Japan to hold bilateral year of culture in 2018World April 27, 20:49
Angela Merkel’s visit to Moscow – pragmatism above all elseRussian Politics & Diplomacy April 27, 19:18
Japanese businessmen and officials to visit South Kuril Islands in summerWorld April 27, 18:46
Putin, Abe call for quickest restart of talks on Korean settlementRussian Politics & Diplomacy April 27, 18:32
MOSCOW, January 11. /TASS/. The World Bank lowered the global economic growth forecast by 0.1 percentage point to 2.7% in 2017 and 2.9% in 2018 in its Global Economic Prospects report released on Wednesday.
Furthermore, the World Bank also lowered its estimate of the 2016 global GDP by 0.1 percentage point to 2.3%.
"Stagnant global trade, subdued investment, and heightened policy uncertainty marked another difficult year for the world economy," the World Bank said. "Growth in emerging market and developing economies (EMDE) is expected to pick up in 2017, reflecting receding obstacles to activity in commodity exporters and continued solid domestic demand in commodity importers," the Bank said.
According to World Bank’s outlook, "downside risks to global growth include increasing policy uncertainty in major advanced economies and some EMDEs; financial market disruptions; and weakening potential growth." At the same time, "fiscal stimulus and other growth-enhancing policies in key major economies - in particular, the United States - could lead to stronger-than-expected activity and thus represent a substantial upside risk to the outlook," the World Bank said.