English | دری

Developing world needs to invest in infrastructure: World Bank

in International Business

Developing world needs to invest in infrastructure: World Bank

Indian EconomyThe World Bank in its latest report has revised down the growth forecast for economic growth this year from 5.3% to 4.5%.

This is the third consecutive year of growth below 5% for the developing nations.

The report suggests making economic reforms in the infrastructure sector to tackle the ailing economy and to sustain rapid income growth.

“Disappointing” is the word the Bank uses to describe the developing world’s likely performance this year.

The report further says that the downgraded forecasts will be temporary and expects the developing world to record growth of around 5.5% next year in 2016, helped by the stronger growth coming through in many rich countries, notably the US and the Euro area.


Tags assigned to this article:
developing nation economyWorld bank report

Related Articles

Japanese businesses showing to be more pessimistic than optimistic

The Bank of Japan’s Tankan Survey reported the mood of businesses in Japan to be deteriorating, showing a minus 3

Killing 'Sesame Street' In Pakistan

Yesterday, Mark Toner of the U.S. Agency for International Development (USAID) announced that it was cancelling funding for the Pakistani

Visa and Mastercard will pay USD 6bn to Retailers

Visa Inc., MasterCard Inc. and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*