Washington (AsiaNews / Agencies) - The World Bank (WB) revised downwards its forecast for growth in developing countries, from 5.3% to 4.8%.
In its "Global economic prospects," released yesterday, the loan organization noted that the global economy will grow less than expected in early January: from 3.2 to 2.8%.
The forecasts for the euro area remain unchanged at 1,1%, but all the others are downward: the United States from 2.8 to 2.1; those of Japan from 1, 4 to 1, 3; Russia - due to the crisis in Ukraine - go from 2.2% to 0.5%.
The development of Brazil, India and China is also revised downward. The forecast for Brazil decreased from 2.4 to 1, 5; India from 6.2 to 5.5; China from 7.7 to 7.6.
"Growth rates in the developing world remain far too modest to create the kind of jobs we need to improve the lives of the poorest 40 percent," World Bank President Jim Yong Kim said in a press release.