The World Bank cuts its estimates of global growth in 2016. The prospects for the year that has just begun seem to be worsening, especially for the emerging economies.
According to what we read in the report "Global Economic Prospects: spillovers amid weak growth", 2016 represents the "major test since the global financial crisis" that erupted in 2008. Due to the numerous difficulties that have emerged in recent times, the experts of the Washington institute estimate for 2016 a global GDP increase of 2,9%, 0,4% less than the data published last June.
Going into detail, the economy ofeurozone should grow by 1,7%, 0,1% less than expected last summer but more than the +1,5% estimated for 2015. For Use +2,7% is expected (-0,1% compared to the previous estimate), while the gross domestic product of Russia it will contract by 0,7%, from the +0,7% expected in June 2015.
The largest cut concerns emerging countries. Leading the rankings is the Brazil, which suffered a cut of 3,6 percentage points. The economy of the South American country could collapse by 2,5% in 2016 and then return to growth by 1,4% in 2017.
Speaking of the absolute star of the last days, the China it will grow by 6,7%, 0,3% compared to what was expected last June. This is the slowest growth since 1990. And in 2017, +6,5% is expected for Beijing.
