Leaders expect global markets to grow slowly over next year

World Today

Low oil prices and negative growth in Russia and Brazil, are among the many factors contributing to a sluggish world economy, as the World Bank and International Monetary Fund meet in Washington, D.C.

CCTV America’s Jim Spellman reports.

Leaders expect global markets to grow slowly over next year

Low oil prices and negative growth in Russia and Brazil, are among the many factors contributing to a sluggish world economy, as the World Bank and International Monetary Fund meet in Washington, D.C. CCTV America's Jim Spellman reports.

The IMF estimates 2016 annual growth at 3.2 percent, while the World Bank projects 2.5 percent growth.

The flow of refugees from Syria and other countries has added to economic troubles in the Middle East and Europe.

Though growth in China has slowed, the IMF and World Bank expressed guarded praise for China’s effort to transform its economy.