Global growth is projected to pick up to 3.4 percent in 2015 and 3.5 percent in 2016, propelled by highincome countries. Developing country growth will benefit from these tailwinds, with growth projected to increase from 4.8 percent in 2014 to 5.5 percent in 2016—broadly in line with potential. Global growth projections for 2014, however, have been marked down from 3.2 percent to 2.8 percent on account of the bumpy start this year, buffeted by poor...
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