NPR logo

World Bank Predicts Slower Global Growth

  • Download
  • <iframe src="https://www.npr.org/player/embed/169486522/169486505" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
World Bank Predicts Slower Global Growth

Business

World Bank Predicts Slower Global Growth

World Bank Predicts Slower Global Growth

  • Download
  • <iframe src="https://www.npr.org/player/embed/169486522/169486505" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The new figure predicts the world economy will grow by only 2.4 percent this year — lower than the 3 percent the World Bank predicted last June. Among the reasons the bank cited for the new forecast: the continued economic weakness of developed countries.

RENEE MONTAGNE, HOST:

NPR's business news starts with slower global growth.

(SOUNDBITE OF MUSIC)

MONTAGNE: The World Bank has revised its predictions for global economic growth, globally, downward. The new figure predicts the world economy will grow by only 2.4 percent this year - lower than the three percent the World Bank predicted last June. Among the reasons it cited for the new forecast - the continued economic weakness of developed countries. It also singles out political brinkmanship in United States. The bank warns that uncertainty over U.S. policy quote, "has already dampened growth."

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.