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  1. World Bank Lowers Global Growth Outlook; Urges Fed To Hold Off Rate Hike; the organization also urged the Federal Reserve to hold off raising rates until the next year

    by , 06-18-2015 at 10:58 PM
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    The World Bank downgraded its global growth outlook, as developing countries face tough transition with high borrowing costs and lower commodity prices in 2015. The organization also urged the Federal Reserve to hold off raising rates until the next year, citing the risks it may pose to emerging markets.

    "Developing countries were an engine of global growth following the financial crisis, but now they face a more difficult economic environment," ...