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In its newly-released Global Economic Prospects report, the World Bank acknowledged that the world economy remains fragile four years after the onset of the global financial crisis. Here is World Bank Group President Jim Yong Kim. "What we see is the economic recovery remains fragile and uncertain, clouding the prospect for rapid improvement and a return to more robust economic growth. And the outlook is weak and in both high-income and developing country economies." The World Bank estimates that global GDP grew 2.3 percent in 2017, 0.3 percent drop from its previous forecast last June. It projects the growth at 2.4 percent this year, before gradually strengthening to 3.1 percent in 2017. The report attributes more than half of the global growth in 2017 to developing economies which achieved an estimated growth of 5.1 percent last year. The Bank says, strong domestic demand and growing South-South economic linkages have underpinned developing country resilience to the ongoing crisis. The Bank also projects the growth of developing economies at 5.5 percent this year before it rises to 5.7 percent in 2017. However, the weakness in high-income countries is dampening developing-country growth. World Bank President Dr. Jim Yong Kim says, despite promising and sometimes even courageous measures taken in Europe, there are issues remain in the Euro zone. And the United States is trying to deal with its debt and fiscal crisis. | 
