The World Bank has cut the global growth forecast for 2016 to 2. 9 percent, saying that weak growth among major emerging markets will weigh on the global scenario during the year.
In its Global Economic Prospects Report issued on Wednesday, the Washington - based institution expected the world economy to grow 2. 9 percent in 2016, 0. 4 percentage points lower than the bank's forecast in June 2015, but higher than the estimated 2. 4 percent growth in 2015, Xinhua news agency reported.