The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, but said that expansion appeared better balanced than just before the 2008 financial crisis.
People walk past the World Bank Group's headquarters, May 3, 2013 in Washington, DC. The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, in part due to the ailing eurozone, but said that expansion appears better balanced than just before the financial crisis.
The global economy was expected to grow at an annual rate of 2.2 percent this year, led by a 5.1 percent surge in developing countries, down from a January estimate of a 2.4 percent.
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