The World Bank has released its biannual Global Economic Prospects document and has slashed its 2013 growth forecasts from 3% to 2.4%, just one point above last year. Here are the full forecasts:
2.3% global GDP growth in 2012 (down from 2.5%)
2.4% global GDP growth in 2013 (down from 3.0%)
3.1% global GDP growth in 2014 (down from 3.3%)
3.3% global GDP growth in 2015
This is more bearish than me. I’m reckoning on about 2.7% largely on the back of slight improvements in Europe and the US.