Tag: Dr. Kaushik Basu

• Thursday, January 7th 2016 - 08:46 UTC

  World bank slashes 2016 global economy growth forecast; points to disappointing “China and Brazil”

  

  World Bank slashed its growth forecast for the global economy in 2016, citing “disappointing” growth in major emerging market economies like China and Brazil. The bank has cut its previous June forecast for global economic expansion in 2016 by 0.4 percentage point to 2.9%, though that is still faster than 2015's sluggish 2.4%, which itself missed an earlier prediction.

• Monday, June 15th 2015 - 05:19 UTC

  Health spending pushing low and middle income countries further into poverty

  

  A World Health Organization and World Bank Group report shows that 400 million people do not have access to essential health services and 6% of people in low- and middle-income countries are tipped into or pushed further into extreme poverty because of health spending.