A man begs outside at a market in Valencia, eastern Spain. The World Bank has warned that a slow recovery in developed nations is acting as a brake on the global economy. Photo: EPA

World Bank bearish on global outlook

Growth forecasts lowered as debt crisis in euro zone and fiscal uncertainties in US contribute to weak investment and industrial activity

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A man begs outside at a market in Valencia, eastern Spain. The World Bank has warned that a slow recovery in developed nations is acting as a brake on the global economy. Photo: EPA
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