Global Economy

World Bank: Global Economy at Turning Point - BBC

Excerpt from BBC

The global economy is at a "turning point",the World Bank has said, as it forecasts stronger growth for 2014.

In its annual report on the world economy, the bank said richer countries appeared to be "finally turning a corner" after the financial crisis.

That is expected to support stronger growth in developing economies.

But it warned growth prospects "remained vulnerable" to the impact of the withdrawal of economic stimulus measures in the US.

The US Federal Reserve has already begun to wind down its monthly bond-buying programme, previously set at $85bn (£52bn) a month.

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