Biannual global economic prospects report:

  • Sees 2016 at 2.9% vs 3.3% in June
  • Cites weaker US, China and Japan
  • Cut China outlook to 6.7% from 7% in June
  • Global inflation to rise moderately in 2016
  • Low chance of faster than expected China slowdown
  • Forecasts Brazilian economy to shrink 2.5% this year

The World Bank certainly has a knack for timing as this report hits with stock markets at the lows. Brazil is headed for some kind of depression.