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It cut its predictions for global growth by the most in three years today (January 18th), arguing that the potential recession in Europe could make life more difficult for emergent markets such as Mexico and India, reports Bloomberg.
The Stoxx Europe 600 Index fell 0.5 per cent to 251.96 this morning, while futures on the Standard & Poor's 500 Index expiring in March moved backwards less than 0.1 per cent.
It is "uncertain" whether countries will even reach the weakened levels of growth posited today, according to the financial institution.
The world economy will grow 2.5 per cent this year, the Washington-based institution claimed. This is a step down from its June estimate of 3.6 per cent expansion.
UK stocks hit an 11-week high yesterday as traders anticipated a change in Chinese monetary policy, noted Bloomberg.
Posted by Clive Arneil
