While you were sleeping World Bank growth upgrade

Wed, 15 Jan 2014

By Margreet Dietz Jan. 16 (BusinessDesk) – Stocks on both sides of the Atlantic rose as the World Bank upgraded its forecast for global growth and as US corporate earnings such as from Bank of America were better than anticipated. The World Bank lifted its forecast for global growth, saying it expects the economy to expand 3.2 percent this year, up from 2.4 percent in 2013, and up from a previous estimate of 3 percent. “Global economic indicators show improvement,” Kaushik Basu, senior vice president and chief economist at the World Bank sa...

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