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World Bank in its recent "Global Economy Prospects" report cut global economy outlook for 2015-2017. But forecast for US economy was raised: from 3.0% (Jun-14 forecast) to 3.2% growth in 2015 and 2.88% annual average growth rate in next 3 years (which corresponds to 8.9% overall growth from now to end of 2017). Also, outlook for India, Pakistan and Egypt was improved. The main decrease occurred in the outlook for the developing non-OECD economies and Euro area. Highest cuts were made for Russia, Argentina, Iran, Brazil, South Africa.

See how World Bank's forecasts evolved from year ago on the graph by selecting desired country or region from the list at the top of the page

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