World Bank experts predict global economic activity will grow a bit faster this year because of more rapid growth in advanced economies, a study published Wednesday said.

While developed nations are expanding, global growth is constrained by problems in major emerging markets, the study said.

The study said that overall, the global economy would probably expand at a 2.9 percent annual pace this year, up about half a percentage point from 2015.

The authors said weakness in most major emerging markets was a concern, because those nations have been “powerful contributors to global growth for the past decade.”

“More than 40 percent read more >>>

Source : VOANews.Com