UCF Global Perspectives

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Tag Archives: World Bank

World Bank Cuts Growth Forecast

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The World Bank reduced its 2016 economic growth forecast from 2.9% in January to 2.4% (Reuters). Economists continue to remain pessimistic about low commodity prices in developing countries, weak growth in advanced economies and political uncertainty around the world (AP; WSJ). The World Bank is fearful of the future state of the global economy because […]

Global Economy Picking Up, Still Fragile

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The World Bank’s newly released Global Economic Prospects (GEP) report concludes that the world economy is expected to strengthen this year. Growth rates should be highest in developing countries as well as high-income economies, and appears to be finally “turning the corner” (All Africa). The report suggested that the world economy will expand by 3.2% […]