2015 was another disappointing year for the global economy, mainly reflecting a slowdown in economic activity in emerging and developing countries amid low commodity prices and diminished flows of trade and capital, the World Bank Group¡¯s January 2016 Global Economic Prospects report says. Global growth should accelerate modestly in 2016 at a slower pace than previously envisioned and will face substantial risks, says Ayhan Kose, director of Development Prospects.
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