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The global economy faces a turbulent twelve months according to the World Bank, which lowered its growth forecasts for the world and sub-Saharan Africa in a report published last week.
The Washington DC-based Bank has projected that the global economy will expand by 3 per cent this year, compared to an estimated 2.6 per cent in 2014, in its biannual Global Economic Prospects report. Last June, it had forecast a 3.5 per cent growth rate for 2015.
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