World Bank downgrades economic growth forecast
The World Bank points to several factors that could threaten an economic recovery and lowers its expectations for 2015 as well as 2016. The Russian economy is on the verge of a knockout.
BY OLE ANDERSEN
The World Bank has lowered its global GNP forecast for 2015. The bank sees significant risks to the recovery of the global economy, according to a new report that, among other things, estimates that Russia's economy is on the verge of a knockout following sanctions from western countries due to the crisis in Ukraine as well as the recent major slide in the oil price.
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