WORLD BANK: Brace Yourself For Economic Slowdown In A New World

From BusinessInsider: The World Bank downgraded its outlook for global growth today, estimating that the global economy will grow by 2.5% and 3.1% in 2012 and 2013, respectively.

That's down from estimates in June that the economy would grow by 3.6% in both years.
World Bank economists also predicted that growth in the volume of global trade will slow from an estimated 6.6% this year to 4.7% in 2012, before recovering to 6.8% in 2013. In 2012, growth for developing countries will total 5.4% versus earlier estimates of 6.2%, and developed economies will see growth of 1.4% in comparison to June predictions of 2.7%

Read more: http://www.businessinsider.com/world-bank-brace-yourself-for-economic-slowdown-in-a-new-world-2012-1#ixzz1jnToWbl3