World Bank slashes growth forecasts

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.




6 Responses to “ “World Bank slashes growth forecasts”

  1. GSM says:

    “…slashed its 2013 growth forecasts from 3% to 2.4%…”

    I’ll wait for the revision… which should be arriving next week?

  2. Bubbley says:

    I think they are being a bit optimistic about 2014 too.

  3. Tarric says:

    Personally I think 2.7% might be a bit too rosy also.

    If the attempt to continue to rebalance the Chinese economy continues and the U.S politicians continue their political brinksmanship over the debt ceiling I have a hard time seeing global growth improve past 2012 levels.