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Wednesday, 14 January 2015 - 19:20
World Bank cuts global growth forecast
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The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast of 3.4% and 3.5% respectively.

However, the Bank warned that lower oil prices would hurt growth in countries which export oil, such as Russia, weighing on its global growth predicitions.
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