After IMF yesterday, today it is the turn of World Bank that has reportedly slashed the global growth forecast, where it has warned that US alone cannot be expected to be driving the economic recovery.
As part of the bi-annual report, the Bank has reportedly predicted a global growth of 3% for 2014 and 3.3% by 2015, which is well below the June forecast involving 3.4% and 3.5% respectively.
The chief economist Kaushik Basu has reportedly warned that as of now global economy is running on a single engine, which is actually the American one and added that this alone can be taken for a rosy outlook.
As part of the bi-annual report, the Bank has reportedly predicted a global growth of 3% for 2014 and 3.3% by 2015, which is well below the June forecast involving 3.4% and 3.5% respectively.
The chief economist Kaushik Basu has reportedly warned that as of now global economy is running on a single engine, which is actually the American one and added that this alone can be taken for a rosy outlook.
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