Al Qarra - On Thursday the World Bank cut its outlook for global growth, sending global stock markets into free-fall. The selloff started in Japan, where the country’s benchmark Nikkei 225 sunk to bear market territory. The Nikkei ended the day down 6.35% losing 843 points. Hong Kong’s Hang Seng and China’s Shanghai composite also ended in the red, down more than 2%. The World Bank has said it was expecting the Global economy to grow at 2.2% versus its January forecast of 2.4%, the Bank cited a deeper than expected recession in Europe and a slowdown in China and India for the cut.
