USD 1.7

Baku 26 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

World Bank slashes global growth forecast for 2012 to 2.5%

World Bank slashes global growth forecast for 2012 to 2.5%

18 January 2012 11:25 (UTC +04:00)

Baku - APA-Economics. The World Bank on Wednesday sharply lowered its global economic growth forecast for 2012 to 2.5%, citing European financial turmoil and weak growth prospects in emerging nations, including India. The multilateral agency had earlier projected that the world economy would expand by 3.6% this year.

In its biennial report, ’Global Economic Prospects’, the multilateral agency slashed the growth forecast for high income and developing countries this year and in 2013.

"The global economy is now expected to expand 2.5% and 3.1% in 2012 and 2013 (3.4% and 4% when calculated using purchasing power parity weights), versus the 3.6% projected in June (2011) for both years," the report said.

According to the World Bank, the world economy has entered a "dangerous period" and some of the financial turmoil in Europe has spread to developing and other high income countries, which until earlier had been unaffected.

Finance

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

BSTDB Vice President Ziya Aliyev

BSTDB has financed over €9 billion in projects since its establishment – Vice President

BSTDB President Serhat Köksal

BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED