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Global economy

Developing economies face weak growth, high debt, and trade challenges as the global economy stabilizes, according to the latest World Bank report

Global Economy Stabilizes, But Developing Economies Face Tougher Slog

World Bank report warns of insufficient growth for wealth redistribution. Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century with the weakest long-term growth outlook since 2000, according to the World Bank’s latest Global Economic Prospects report. Even as the global economy stabilizes in the next…

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