The Development Economics Group (DEC) increases understanding of development policies and programs by providing intellectual leadership and analytical services to the World Bank and the wider development community. DEC is the premier research and data arm of the World Bank.
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The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.