Friday, January 14, 2011

Global growth to slow: World Bank

The global economy is heading towards a slower but still solid and more sustainable phase of growth, according to a World Bank Global Economic Prospects 2011 report released on Thursday.Developing countries are seen contributing almost half of the global growth in 2011.Global growth is estimated to have increased 3.9% in 2010, but is forecast to slow 3.3% in 2011, followed by a 3.6% increase in

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