World Bank said that the advanced economies are rebounding more slowly than expected and low commodity prices continue to hurt other countries.
The global economy should grow at just 2.4 % this year the same of 2015 much slower than the 2.9% predicted in January. The growth in advanced economies is holding back development countries. Both world trade and investment depressed. Expectation of pickup remain muted, said World bankWorld Bank group president JIm YOng Kim said that economic growth remains the most important driver of poverty reduction, and that's why the group is very concerned that growth is slowing sharply in commodity exporting developing countries due to depressed commodity prices.