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The World Bank has sharply revised downwards its forecast for oil price in 2016

The World Bank

The World Bank has sharply revised downwards its forecast for oil price in 2016, at an average of $37 a barrel from $51 predicted in October, in the context of the continuing supply glut and low demand prospects from emerging economies.The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and most famous.

The World Bank is an international bank that lends money and other help to developing nations for infrastructure. The World Bank has the goal of reducing poverty.The World Bank’ An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement.

The World Bank Group’s new online destination for development learning offers development lessons in easy to understand and versatile formats.

GDP at purchaser’s prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included.The World Bank Group offers loans, advice, and an array of customized resources to more than 100 developing countries and countries in transition.


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