Bulletin

UK recovery 'on track' but World Bank lowers global growth forecast

The World Bank has lowered its forecast for global growth this year to 2.8%, partly because the much-anticipated beneficial effects of lower oil prices have been limited so far. The bank said developing countries were facing a 'structural slowdown' likely to last years, and were ceding the role of global growth engines to more mature economies. The World Bank also downgraded UK growth this year but declared that Britain's recovery remains 'on track' as the outlook for jobs and wages improves. The UK is now forecast to expand by 2.6% in 2015 against the 2.9% predicted in January.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?