World Bank trims forecast for world economic outlook

Source: RTTNews
© Scanpix\Reuters
The World Bank cut its growth predictions for the global economy on Thursday, recalling deeper-than-predicted recession in the Euro block and slow growth in developing states. The world economy is predicted to expand 2.2% this year, slowing from the 2.3% growth in 2012. The Eurozone is predicted to grow moderately, with the GDP advancing 0.9% in 2014 and 1.5% in 2015.
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Thu, 13 Jun 2013 10:44:07 GMT

Gold prolongs gains as shares and greenback decline

Gold prolonged its gains into second trading session today, as Asia's share markets plummeted and the greenback declined to lowest level in four months on worries that the Fed may taper the stimulus programme. Spot gold climbed 0.4% to $1,393.91 an ounce at 2:51 GMT, while U.S. yellow metal was a little changed at $1,393.50.

Thu, 13 Jun 2013 10:11:07 GMT

Developing countries fight capital outflows

Leaders in developing countries took actions to deal with a capital outflow as investors speculate that growth in emerging markets might be harmed by upcoming end of ultra-loose monetary policy. India and Thailand sold dollars in the last several days to fight depreciation of their currencies. Brazil said it is likely to partly unwind its capital controls. The MSCI EM

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