WORLD BANK / ECONOMIC OUTLOOK

The World Bank has lowered projections for global economic outlook and is urging developing countries to double down on domestic reforms. WORLD BANK

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:09
• Production Date: 11 June 2014
• Asset Language: Original
• Corporate Name: WORLD BANK
• Subject Topical: ECONOMICS; ECONOMIC CONDITIONS
• MAMS Id: 1120403

Description

STORY: WORLD BANK/ ECONOMIC OUTLOOK
TRT: 1:09
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH/ NATS
LOCATION: 10 JUNE 2014, WASHINGTON DC / FILE

Shotlist

FILE-LAOS 2011

1.Med shot, women exchanging money and food at market

FILE - DEMOCRATIC REPUBLIC OF CONGO, 2014

2.Med shot, man depositing money
3.Close up, woman counting money

10 JUNE 2014, WASHINGTON DC

4.SOUNDBITE (English)Andrew Burns, World Bank Group:
“What we’re seeing in this year’s Global Economic Prospects is a significant downgrade in the forecast for developing countries in 2014. Mainly reflecting both the weak first quarter in the United States, but also the situation in the Ukraine that has dampened growth a little bit everywhere in the world.”

FILE - BRAZIL, 2012

5.Close up, woman paying for food with credit card
6.Close up, cashier charging credit card

FILE - INDONESIA 2011

7.Med shot, woman buying vegetables from market

10 JUNE 2014, WASHINGTON DC

8.SOUNDBITE (English)Andrew Burns, World Bank Group:
“So if developing countries are going to regain those stronger growth rates that they are going to need to make the inroads into poverty that we would like to see, then they are really going to have to focus on structural policies, really push the envelope further.”

FILE - CHINA

9.Med shot, man purchasing items at store
10.Close up, man and cashier exchanging money

Storyline

The World Bank has lowered projections for global economic outlook and is uring developing countries to double down on domestic reforms.

Developing countries are headed for a year of disappointing growth, a first quarter weakness in 2014 is delaying an expected pick-up in economic activity, that’s according to a just-released report from the World Bank Group:

SOUNDBITE (English)Andrew Burns, World Bank Group:
“What we’re seeing in this year’s Global Economic Prospects is a significant downgrade in the forecast for developing countries in 2014. Mainly reflecting both the weak first quarter in the United States, but also the situation in the Ukraine that has dampened growth a little bit everywhere in the world.”

The Bank has lowered its forecasts for developing countries, forecasting growth at 4.8 percent this year, down from its January estimate of 5.3 percent.

SOUNDBITE (English)Andrew Burns, World Bank Group:
“So if developing countries are going to regain those stronger growth rates that they are going to need to make the inroads into poverty that we would like to see, then they are really going to have to focus on structural policies, really push the envelope further.”