This makes the World Bank announced in its semi-annual forecast.
According to the institute’s global growth at 2.8 per cent, from an estimated 3 percent in January. The estimate for the combined economies of the emerging markets went down by 0.4 percentage point to 4.4 percent.
The World Bank believes inter alia that the Brazilian economy will shrink this year, while earlier progress of the greatest economy of South America was counted.
The forecast for Nigeria, Africa’s largest economy, was lowered by a full percentage point to 4.5 percent. The World Bank has been a ” structural slowdown ” in emerging countries likely take years to complete.
The forecast for the US economy, the world’s largest, was lowered to 2.7 percent, from 3.2 percent in January. The eurozone economy will grow just slightly stronger than previously thought, according to the World Bank. That prognosis went from 1.1 to 1.5 percent.
The growth forecast for China was unchanged at 7.1 percent. Japanese growth is expected to reach 1.1 percent. India with an increase of 7.5 percent this year, probably the fastest growing major economy, according to the World Bank.
The Organisation for Economic Co-operation and Development (OECD) suggested early this month its forecast for the world economy down to. According to the OECD, the growth this year to 3.1 percent, whereas previously expected 3.7 percent. In 2014 the world economy was 3.3 percent ahead
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