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World Bank warning on growth


World Bank warning on growth


The World Bank has warned of tougher times on the horizon for developing economies. It said a long period of volatility in the global economy will result in weak growth. The Bank predicts growth will slip from just over 6% to 5.3% in 2012. It is urging governments to focus on productivity reforms and to invest in infrastructure as a means to sustain long-term growth.

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