Economic Buzz: World Bank Cuts 2013 Global Growth Estimate

The World Bank lowered its global economic-growth forecast Wednesday, tipping 2.2% expansion in 2013, down from a 2.4% projection issued in January and below last year's estimated 2.3% growth. In its semiannual Global Economic Prospects report, the multinational development agency also revised lower its expectations for growth in China, Brazil and India, while upping estimates for Japan and the U.S. For 2014, the World Bank sees global growth at 3%.Source by Commodity Insights