"World Bank Warns of Weakest Global Economy in 30 Years"

The World Bank's latest Global Economic Prospects report predicts the global economy to experience its slowest half-decade of GDP growth in 30 years, with global growth projected to slow for the third year in a row. Developing economies are expected to grow just 3.9%, while low-income countries may see weaker growth than previously expected. The report suggests that reforms to boost investment and strengthen fiscal policy could help turn the tide and offers a clear way forward to achieve a sustained investment boom, especially in developing economies. Additionally, the report identifies measures that commodity-exporting developing economies can take to avoid boom-and-bust cycles.