GENEVA — Global economic growth is forecast to slow this year to 3.3 percent, down from last year's 3.6 percent, partly due to the U.S. downturn aggravated by the subprime mortgage crisis, but strong expansions in China and India are expected to help limit the impact, according to a World Bank report released Tuesday.
"Weak domestic demand is expected to keep U.S. GDP growth below 2 percent in 2008," the "Global Economic Prospects 2008" report said.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)