J C Suresh with UN News | IDN-InDepth NewsAnalysis
TORONTO (IDN) – Decline in oil prices, a stronger U.S. economy, and continued low global interest rates will help fuel the growth of the world economy in 2015, says a new study issued by the World Bank Group on January 13.
The Global Economic Prospects report, published every two years, predicts a global economic expansion of 3 per cent for 2015, 3.3 per cent for 2016, and 3.2 per cent in 2017 – a boost following last year’s disappointing 2.6 per cent growth.