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The World Bank cut its forecast for global growth this year, as an improving U.S. economy and low fuel prices fail to offset disappointing results from Europe to China. The world economy will expand 3 percent in 2015, down from a projection of 3.4 percent in June, according to the lender's semiannual Global Economic Prospects report, released Wednesday in Washington. The Washington-based lender upgraded its forecast for U.S. growth to 3.2 percent this year from a 3 percent estimate given in June.The 19-nation euro area is projected by the World Bank to grow 1.1 percent in 2015, down from a June estimate of 1.8 percent.It also cut its forecast for global growth in 2016 to 3.3 percent from 3.5 percent.
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