World Bank downgrades its forecast for 2016 economy

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Associated Press – June 7, 2016

WASHINGTON — The World Bank is reducing its forecast for the global economy this year — again.

The aid agency predicted Tuesday that the world economy will expand 2.4 percent this year, down from the 2.9 percent it expected in January and unchanged from a tepid 2015.

“The global economy is fragile,” said World Bank economist Ayhan Kose, who helped produce the forecast. “Growth is weak.”

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