Shares rise as World Bank predicts higher growth

World BankTheFTSE 100 Index and America's Dow Jones Industrial Average both increased as the World Bank higher global economic growth in the coming years.

The World Bank has said that the global economy is expected to grow from 2.4 per cent in 2013 to 3.2 per cent this year and 3.4 per cent in 2015. America's Dow Jones Industrial Average recovered from losses and closed higher on Tuesday's session while the FTSE 100 Index rose 53 points to 6819.9.

Britain's top share index rose to its highest level in more than two months on Wednesday. World Bank has just raised its forecast for global growth for the first time in three years indicating that the signs of recovery are boosting optimism among investors. The FTSE 100 was up 22.60 points, or 0.3 percent, at 6,789.46 points this morning while forecast-beating U. S. December retail sales boosted expectations of higher growth in the country.

Investors are looking at corporate updates and economic indications to make investment decisions in the global economy following years of slow growth in the economy.