PAUL WISEMAN – June 11, 2016
WASHINGTON (AP) — 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.”