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The World Bank slashes its growth forecast for the global economy in 2016, citing weaker than expected growth in major emerging markets like China and Brazil. The bank cut its June forecast for global economic expansion to 2.9 percent. The figure is still faster than 2015’s sluggish two-point-four-percent growth. The 188-nation institution added that China’s growth could slow to 6.7 percent this year. It is the world’s second largest economy’s weakest performance since 1990. The World Bank also revised down its forecast for two other major emerging economies, Russia and Brazil, which are already in recession. Rodney Shakespeare Professor of Binary Economics Watch Live: http://www.presstv.ir/live.html Twitter: http://twitter.com/PressTV LiveLeak: http://www.liveleak.com/c/PressTV Facebook: http://www.facebook.com/PRESSTV Google+: http://plus.google.com/+VideosPTV Instagram: http://instagram.com/presstvchannel SoundCloud: https://soundcloud.com/videosptv