Emerging and Developing Economies Face Weak Growth in 2016

January 6, 2016

2015 was another disappointing year for the global economy, mainly reflecting a slowdown in economic activity in emerging and developing countries amid low commodity prices and diminished flows of trade and capital, the World Bank Group’s January 2016 Global Economic Prospects report says. Global growth should accelerate modestly in 2016 at a slower pace than previously envisioned and will face substantial risks, says Ayhan Kose, director of Development Prospects.