The World Bank expects the global economy to post moderate growth of two.seven percent this year.
That's a slight downward revision from the bank's previous forecast in June when it was two.eight percent,.. but it's markedly better than last year's two.three percent growth, one of the worst performance reports since the 2008 financial crisis.
The World Bank attributes the moderate pickup from last year to the recovery of oil and commodity prices.
But the bank cites uncertainties on future economic policies,… with concerns over the unpredictability of U.S. President-elect Donald Trump as well as Britain's plans to leave the EU.
The World Bank says developed economies will do better than last year, posting one.eight percent growth.
The U.S. forecast is two.two percent and China's is six-and-a-half percent.