The World Bank sharply cuts its global growth forecast as the eurozone crisis threatens to...

|By:, SA News Editor

The World Bank sharply cuts its global growth forecast as the eurozone crisis threatens to further slow down emerging economies. The WB now expects global growth of +2.5% this year vs. +3.6% prior estimate, the eurozone at -0.3% vs. +1.8% prior estimate, and the U.S. +2.2% vs. +2.9% prior. Ominously, "even achieving these much weaker outcomes is very uncertain."