The World Bank has warned of new threats to efforts to reduce poverty in the developing world.
In its twice-yearly assessment of global economic prospects, the bank forecasts only a modest increase in growth.
The report also says that there has been an increase in risks to the global economy.
The bank's chief economist suggests that China's economic slowdown is a potential danger.
But there are some relatively upbeat elements to this report.
The World Bank does think that global economic growth will pick up this year.
The rich countries will gain some speed and the emerging economies will grow more rapidly than last year.
But then 2015 was, for the developing economies, what the bank calls a post-crisis low in terms of economic growth.
This year's forecast, 2.9% for the global economy compared with 2.4% last year, is still not robust.
Nor is the forecast for the developing economies, at 4.8%.
South
Asia, led by India, is described as a "bright spot". But among the
other largest emerging economies, sometimes known as the Brics, growth
is expected to slow further in China, while Brazil and Russia are likely
to remain in recession.
Source :- http://www.bbc.com/news/business-35246867