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World Bank: Dimmer 1015 for Developing Countries

In recent years, the economic outlook for many developing countries appeared bright. But the World Bank has lowered its expectations for 2015, saying they now face a series of tough challenges. The World Bank projects developing countries will grow by 4.4 percent this year, instead of the earlier forecast of 4.8 percent. Ayhan Kose, Director of the bank’s Development Prospects Group, gives a major reason why prospects dimmed this year. “Developing countries as a group have been...

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