- 2013 cut to 2.2% (vs. 2.4% in January)
- 2014 cut to 3% from 3.1% in January outlook
- Global economy remains ‘hesitant and uneven’
- Cuts China 2013 GDP growth forecast to 7.7% ( from 8.4%)
- Euro-area contraction of 0.6% seen (drop of 0.1% seen prior)
- Japan boosted to 1.4% from 0.8%
World Bank catching up with everyone else on the China downgrade.
The boost to Japan is interesting – are the World Bank closet ‘Abenomics’ fans?
